TLDR
This past week, Fidelity Wise Origin Bitcoin Fund (FBTC) led inflows while BlackRock iShares Bitcoin Trust (IBIT) led outflows per a weekly breakdown based on Farside data. See the weekly breakdown.
- FBTC net inflow about $33.1 million (weekly).
- IBIT net outflow about $240.3 million (weekly).
- Others saw outflows including BITB $115.1 million, ARKB $100.7 million, HODL $39.2 million, GBTC $27.5 million.
Deep Dive
1. Weekly Leaders
FBTC was the only major BTC ETF with a positive weekly net flow, while IBIT saw the largest outflow. The same breakdown shows additional weekly outflows for BITB, ARKB, HODL, GBTC, and BTC, positioning FBTC as the weeks relative inflow leader and IBIT as the outflow leader in aggregate terms. The figures are summarized in the weekly breakdown.
Leadership concentrated in FBTC suggests investors favored Fidelitys vehicle during a net-redemption week, while IBIT bore the brunt of outflows.
2. Weekly Context
The U.S. BTC ETF complex posted a net weekly outflow of roughly $497 million, consistent with multiple reports of pressure on spot BTC ETFs during the week. One summary notes the weekly total and that FBTC was alone in positive net flows while IBIT led outflows, aligning with the weekly breakdown above.
Even with a single-day rebound midweek, the cumulative five-day picture tilted negative, so any bullish read-through needs sustained multi-day inflows.
3. Daily Rebounds Within The Week
Inside the week, a notable single day saw the strongest net inflows in over a month. On that day, FBTC drew about $391 million and IBIT about $111 million, highlighting episodic demand returning even within a choppy week, as reported by a market update that tracked issuer-level daily flows (spot Bitcoin ETF daily flows).
Day-to-day spikes show interest can reappear quickly, but trend confirmation usually needs multiple large inflow days clustered together.
Conclusion
FBTC led weekly inflows and IBIT led weekly outflows, while the overall week ended negative on net flows. The midweek daily surge reminds that demand is still episodic, but sustained leadership by one or two issuers over several sessions would matter more for trend confirmation.
