Fidelity Bitcoin Fund Adds $116.5 Million Amid Ongoing Wallet Transfers That Obscure Demand

NEW YORK, August 9, 2026, 09:09 EDT — U.S. markets have closed, but cryptocurrency trading remains active.

• The Fidelity Wise Origin Bitcoin Fund BATS:FBTC saw inflows totaling $116.5 million over the past week, with $41 million recorded on Friday.
• The iShares Bitcoin Trust NASDAQ:IBIT from BlackRock NYSE:BLK took in 80.1% of inflows to the category.
• An unconfirmed transfer of 50,000 ether was almost quadruple FETH’s weekly inflow. The transaction was not a verified fund creation.

FBTC recorded net inflows across all five sessions last week, with the total reaching $116.5 million and experiencing a notable surge on Friday.

However, Fidelity was not the primary recipient. For each dollar that went into FBTC, IBIT saw nearly six dollars flow in.

The main takeaway for investors was concentration. Data from Farside shows IBIT and FBTC accounted for 93.6% of total net inflows into bitcoin products.

Bitcoin hovered around $64,950 on Sunday morning. Crypto exchange-traded products finished their Friday session and will resume trading on Monday, whereas spot cryptocurrency trading is ongoing without interruption.

U.S. spot bitcoin product flows, August 3–7

A related report noted a $11.2 million inflow for FBTC on August 7. According to Farside, the same amount is recorded for August 6, with $41 million reported for August 7. This means Friday contributed 35.2% of Fidelity’s total weekly inflow.