Bitcoin ETF inflow of $137 million recoups just over a third of prior losses

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Bitcoin ETF inflow of $137 million recoups just over a third of prior losses
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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U.S. spot Bitcoin ETFs took in $137.3 million on Aug. 17, but the gain recovered only 35.6% of the $385.2 million net outflow booked over the prior five sessions. Fidelity's FBTC supplied 81.5% of the new inflow, while BlackRock's IBIT carried no numeric entry, leaving the day's total provisional.

Farside's currently reported $137.3 million U.S. spot Bitcoin ETF inflow on Aug. 17 rested heavily on a single issuer, leaving the session short of a market-wide demand signal.

Fidelity carries most of the inflow

Fidelity Wise Origin Bitcoin Fund, or FBTC, supplied $111.9 million, equal to 81.5% of the displayed total, according to Farside's live table. ARKB added $14.2 million and MSBT added $11.2 million, and those were the only three numeric inflows in the row.

BlackRock's iShares Bitcoin Trust, or IBIT, did not have a numeric entry. Farside displayed a dash, which its table visually distinguishes from 0.0 without a legend for the symbol. As a result, the current snapshot does not establish a zero flow for IBIT, and the session total remains provisional.

Six-session tally still negative

The positive print followed a five-session net outflow of $385.2 million. Farside's full flow history listed daily totals of negative $144.6 million, positive $7.8 million, negative $61.1 million, negative $131.1 million and negative $56.2 million from Aug. 10 through Aug. 14.

That prior stretch means the Aug. 17 print recouped 35.6% of that loss. Across all six sessions, the funds still showed a cumulative $247.9 million net outflow.

Fund composition made the reversal less convincing than the headline number alone, since FBTC provided more than four-fifths of the currently reported inflow while ARKB and MSBT supplied the remainder. The unresolved IBIT cell also means the concentration ratio could change once Farside completes or revises the row.

Yet the flow data do not identify who bought the ETFs. Institutions, advisers and retail accounts can all use the products, so the current table cannot support a claim that institutional demand broadly returned. It also does not establish that ETF flows caused a move in Bitcoin's price.

Still, the next completed Farside update will clarify both parts of the test: whether IBIT changes the Aug. 17 total and whether flows broaden beyond Fidelity across subsequent sessions.

Source: CryptoSlate

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