NEW YORK, August 19, 2026, 05:23 EDT
- According to Farside data, FBTC saw a daily inflow of $23.9 million.
- The inflow offset just 51% of the withdrawal recorded on August 12.
- Bitcoin stayed close to $64,500 while U.S. markets were still in premarket trading.
Fidelity Wise Origin Bitcoin Fund BATS:FBTC recorded $23.9 million in new inflows on Wednesday, marking a shift from its recent run of outflows. However, the amount brought in is still relatively small.
This is the indication for investors. A single positive result has not closed the gap in demand.
On August 12, FBTC reported a $46.82 million outflow. Inflows on Wednesday offset approximately 51% of those losses. The net result from the two revealed sessions is a $22.92 million outflow.
| Date | Net flow | Read-through |
|---|---|---|
| August 12 | -$46.82 million | Outflow |
| August 19 report | +$23.90 million | Inflow |
| Combined | -$22.92 million | Shortfall remains |
The fund last traded at $56.23 as of 04:54 EDT, marking a 0.52% rise from its previous closing price. Bitcoin was around $64,535 when the flow report was released.
| Fund | Ticker | Price | Change |
|---|---|---|---|
| Fidelity Wise Origin Bitcoin Fund | BATS:FBTC | $56.23 | +0.52% |
| iShares Bitcoin Trust ETF | NASDAQ:IBIT | $36.60 | +0.49% |
| ARK 21Shares Bitcoin ETF | BATS:ARKB | $21.43 | +0.56% |
| Bitwise Bitcoin ETF | NYSEARCA:BITB | $35.07 | +0.49% |
| Grayscale Bitcoin Trust ETF | NYSEARCA:GBTC | $50.00 | +0.50% |
The parallel increases indicate that bitcoin continues to lead these products. The choice of issuer is more significant for aspects such as fees, custody and liquidity than for daily movements.
FBTC applies a 0.25% fee and passively holds bitcoin. According to Fidelity, the fund does not qualify as a conventional 1940 Act ETF. There are also no dividend distributions.
| Product | Ticker | Expense ratio | Annual cost per $10,000 |
|---|---|---|---|
| Morgan Stanley Bitcoin Trust ETF | NYSEARCA:MSBT | 0.14% | $14 |
| Grayscale Bitcoin Mini Trust ETF | NYSEARCA:BTC | 0.15% | $15 |
| Franklin Bitcoin ETF | BATS:EZBC | 0.19% | $19 |
| Bitwise Bitcoin ETF | NYSEARCA:BITB | 0.20% | $20 |
| ARK 21Shares Bitcoin ETF | BATS:ARKB | 0.21% | $21 |
| Fidelity Wise Origin Bitcoin Fund | BATS:FBTC | 0.25% | $25 |
| iShares Bitcoin Trust ETF | NASDAQ:IBIT | 0.25% | $25 |
| Grayscale Bitcoin Trust ETF | NYSEARCA:GBTC | 1.50% | $150 |
Fidelity held $10.2 billion in FBTC assets as of June 30. The inflow on Wednesday represents roughly 0.23% of that total. This serves as relevant data, though it does not indicate a major shift.
In early August, inflows were heavily concentrated. Spot bitcoin products attracted $853.54 million by August 7. FBTC contributed $116.5 million, accounting for 13.6%, with IBIT providing approximately 81%.
| Institution / analyst | Latest call | Reference level | Implication versus $64,535 |
|---|---|---|---|
| Citigroup Inc. NYSE:C | Lowered 12-month target | $82,000 | Approximate 27% gain |
| Standard Chartered PLC LON:STAN, Geoffrey Kendrick | Confirmed year-end forecast | $100,000 | Roughly 55% potential gain |
| Zaye Capital Markets, Naeem Aslam | Remain cautious; demand unproven | No target | Monitor ETF durability |
Analysts remain divided. Citigroup lowered its price target as ETF interest fell. Standard Chartered’s Geoffrey Kendrick maintained his $100,000 year-end forecast.
Naeem Aslam stated bitcoin’s ability to hold up “doesn’t yet prove institutional demand has fully returned.” Fresh FBTC flow data reinforces that note of caution. Barron’s market update
Fidelity described spot ETPs as an effective way for investors to gain bitcoin exposure. This format eliminates the need to manage wallets, though price risk remains.
Risks: Bitcoin may move sharply when FBTC is not trading. Fees accumulate as time passes. Cybersecurity, custody, liquidity, and regulatory shifts have the potential to increase losses.
Investors require multiple strong sessions at this point. While a lone $23.9 million creation is a positive sign, continued momentum is more important.
Related articles: Cryptocurrency
Fidelity Wise Origin Bitcoin Fund
Prior close: $55.94
August 19, 2026
Daily share creation
Before market effects
Flow repair is incomplete
Price context
| Metric | Value |
|---|---|
| August 18 range | $55.66–$56.59 |
| 52-week range | $50.48–$110.24 |
| Position in range | 9.6% from low |
| 30-day avg volume | 3.21M |
| Fund assets | $10.2B |
Fee competition
Bitcoin analyst target spread
| Citigroup | Cut 12-month target |
| Standard Chartered | Maintained 2026 target |
| Zaye Capital Markets | Demand still unconfirmed |
Investor read-through
| Signal | What it says now | What would confirm it |
|---|---|---|
| Fund flow | Positive, but small | Several consecutive inflow sessions |
| Price | Near the bottom tenth of its 52-week range | Broader risk appetite and sustained BTC gains |
| Competition | FBTC fee is mid-pack | Stable market share against IBIT and low-fee peers |
