Fidelity's Bitcoin (BTC) Fund Takes 94% of $109.8 Million in Daily ETF Inflows

Update 22:53 UTC: September CPI came in at 3.7% year over year, above the 3.6% forecast, and core CPI rose to 2.6%, sending the US 10-year Treasury yield as high as 5.278% and lifting implied odds of an October Fed rate hike to 45–55% in some markets.

FBTC Absorbs $103.1 Million of Tuesday's Flow

A net $109.8 million flowed into US spot Bitcoin (BTC) exchange-traded funds (ETFs) on Tuesday, October 13, and a single fund took almost all of it. Fidelity's Wise Origin Bitcoin Fund (FBTC) absorbed $103.1 million of that net inflow, about 94% of the day's total, leaving the rest of the cohort to split roughly $6.7 million. The tally comes from Farside Investors, which compiles each issuer's daily creation and redemption disclosures into a per-fund table after every US trading session, and the Tuesday print published early on Wednesday, October 14. Issuers file their share counts after the US close, so a table published hours later reflects the completed session, not a running total. Tuesday's session in the same cohort ran the other way, closing with $65.4 million in net outflows. October 1 had drawn $102.7 million in net creations, and earlier episodes had recorded the Fidelity fund itself on the outflow side in size, so Tuesday's direction stood against the recent pattern. Daily tracking of Bitcoin ETF flows rests on those issuer filings, which makes the record a primary one rather than an estimate. The Bitcoin price sat near $83,802 at the time of writing, up 0.5% over 24 hours and effectively unchanged from the level it held as the flow data landed. A net figure counts shares created minus shares redeemed across the listed funds, not exchange turnover, and a concentration this steep routes nearly all of the day's demand through one issuer's product. The day's remaining products ended net positive as a group, but only at the margin, which is why the aggregate reads as a Fidelity session first and a market session second.

The Tuesday print also widened the picture beyond Fidelity. Bitcoin (BTC) ETFs across the cohort drew $175.62 million in total net creations for the session, a reading that turns the week positive after the prior five trading days saw roughly $681 million in cumulative redemptions. BlackRock's IBIT contributed $65.89 million and Morgan Stanley's MSBT added $6.67 million, while combined trading volume for the category reached $1.65 billion and net assets climbed to $106.98 billion. The newer aggregate exceeds the earlier $109.8 million tally, indicating the per-fund table captured only part of the cohort, and the inflow followed Monday's $65.4 million in net outflows, so the rebound ends a five-day stretch of net redemptions rather than a single-session swing.

The redemption stretch behind Tuesday's rebound can now be broken down day by day. Farside's daily table shows the cohort ran $89.8 million in net outflows on October 5, swung to $118.8 million of net creations on October 6, then dropped $484.9 million on October 7 and $244.1 million on October 8, before closing the week with a $21.1 million inflow on October 9. That puts the October 5–9 cumulative outflow at $678.9 million. A second tally built on SoSoValue's aggregation put the weekly figure at $681 million, a gap of about $2.1 million between the two compilations whose cause has not been identified. In the same window, Strategy bought 250 Bitcoin (BTC) for roughly $21.5 million between October 5 and 11, lifting holdings to 848,250 BTC, and by 15:50 UTC its overall average purchase price stood at $75,444.

The Tuesday rebound faced a macro test the same day. September CPI came in at 3.7% year over year, above the 3.6% forecast, and core CPI rose to 2.6%, sending the US 10-year Treasury yield as high as 5.278% and lifting implied odds of an October Fed rate hike to 45–55% in some markets. Bitcoin touched $84,000 before the print, then slid 1.98% to $81,776 by 15:50 UTC, and more than $100 million of crypto positions were liquidated within an hour, with 24-hour liquidations topping $220 million. A market analysis framed the $175.62 million ETF inflow as likely anticipatory buying ahead of the inflation data and warned outflows could resume now that the hotter CPI is confirmed. The next catalysts are Thursday's PPI release and the October 28 FOMC decision, with one projection of $300–700 million in possible net outflows over two weeks if the hawkish case firms.

Live monitoring shows Bitcoin at $81,682, down 2.21% on the day, a pullback that the Bitcoin technical analysis still frames within an uptrend. The nearest resistance on the composite level map sits at $84,690, scored 87 out of 100, with the strongest support at $81,043, at 92/100, backed by the BB Lower, EMA 50, S1 and the 0.236 Fibonacci. A second strong shelf waits at $78,080, scored 90/100. Funding held at 0.0023% and open interest near $15.81 billion, while the long/short account ratio of 1.85 shows 64.9% of accounts leaning long. RSI at 46.80 and a bearish MACD signal point to consolidation rather than extension, and the Fear & Greed Index at 62 keeps sentiment in greed territory. A daily close above $84,690 would confirm buyers are pressing the ceiling; losing $81,043 would open the path toward $78,080 (as of 22:53 UTC).

Aggregator Gaps and FBTC's 0.25% Fee

The per-fund arithmetic behind Tuesday's aggregate carries a small spread between data providers. Farside's table lists FBTC at $103.10 million for the session; a second aggregator's figure for the same fund came in at $103.06 million, a gap of about $40,000. Totals and fund-level amounts can differ between providers the same way, so the 94% share is computed on Farside's numbers. The spread matters because single-day prints get quoted widely, and a small gap in the base can move a share calculation at the margin. The swing between sessions frames the print. Tuesday closed at $65.4 million in net outflows, October 1 recorded $102.7 million of net creations, and earlier episodes had put the Fidelity fund itself among the larger outflow cases in the daily tables. Tuesday ran against both the sign of the preceding session and the fund's own recent outflow history. Mechanically, a creation adds fund shares when a buyer deposits cash or Bitcoin with the issuer, and a redemption removes them; the daily tables report the net. That single number cannot separate the investor types behind it, whether advisors, institutions or whales, and it cannot state a motive. It also cannot settle longer questions: one session of creations says little about the long-horizon conviction that terms like HODL describe, or about where the price goes next. Within the $109.8 million total, the residual for every other product combined came to about $6.7 million, so the cohort outside FBTC ended the day net positive only at the margin. FBTC itself is structured as a fund that tracks Bitcoin's price rather than a direct coin holding, and it trades inside a standard brokerage account, which makes the exposure mechanically different from self-custody. Fidelity's own product disclosure warns that price swings for Bitcoin and for products tracking it can be severe, and the issuer lists the fund's annual expense ratio at 0.25%.