Key Takeaways
- • Fidelity's FBTC recorded the largest net inflow among tracked US spot Bitcoin ETFs on November 4, with approximately USD 236.7 million entering the fund, according to Farside Investors data.
- • Total US spot Bitcoin ETF net inflows reached USD 74.6 million on November 4, ending a three-session run of outflows totaling USD 1.16 billion from October 30 through November 3.
- • BlackRock's iShares Bitcoin Trust (IBIT) recorded USD 201.2 million in withdrawals on the same day, offsetting much of the industry-wide gain.
- • FBTC's cumulative net inflows stand at approximately USD 10.43 billion since launch, per Farside's data.
- • Daily flow figures reflect net fund subscriptions and do not confirm a standalone Bitcoin purchase by Fidelity for its corporate account.
Summary
Fidelity's Bitcoin ETF (FBTC) drew approximately USD 236.7 million in net inflows on November 4, the largest single-day net inflow among the US spot Bitcoin funds tracked by Farside Investors. The gain lifted total US spot Bitcoin ETF inflows to USD 74.6 million for the day, even as BlackRock's iShares Bitcoin Trust (IBIT) recorded USD 201.2 million in withdrawals. Other funds also took in capital, including Bitwise's BITB with USD 15.2 million, ARK Invest's ARKB with USD 19.9 million, and Invesco's BTCO with USD 4 million.
The November 4 reading ended a three-session stretch of net outflows that totaled roughly USD 1.16 billion, including USD 643.2 million on October 30, USD 398.6 million on November 2, and USD 115.6 million on November 3. The recovery did not offset those withdrawals. Demand has been uneven: FBTC lost USD 201 million on October 30 before recording inflows of USD 6.7 million and USD 6.8 million on November 2 and 3, respectively. Earlier in October, the fund had recorded inflows of USD 103.1 million on October 13 and USD 212.7 million on October 21. Farside's data places FBTC's cumulative net inflows at approximately USD 10.43 billion since launch.
The figures represent net fund flows rather than discrete Bitcoin purchases. FBTC holds Bitcoin directly to track its market price rather than using futures contracts. According to the fund's SEC prospectus, authorized participants can create or redeem shares using either Bitcoin or cash, so subscriptions support Bitcoin demand but daily flow data do not identify individual trades. The fund charges an annual fee of 0.25%, Fidelity Digital Assets provides custody, and shares trade on the Cboe BZX Exchange.
Separately, Fidelity Digital Assets reported that preferred-stock financing helped Bitcoin treasury firms accumulate 135,979 BTC as of October 5, 2026, equal to more than 0.5% of Bitcoin's fixed 21 million supply. That route differs from ETF demand: preferred-stock investors hold securities issued by businesses, and further accumulation depends on companies raising new capital and meeting payment obligations.
The November 4 reading ended a three-session stretch of net outflows that totaled roughly USD 1.16 billion, including USD 643.2 million on October 30, USD 398.6 million on November 2, and USD 115.6 million on November 3. The recovery did not offset those withdrawals. Demand has been uneven: FBTC lost USD 201 million on October 30 before recording inflows of USD 6.7 million and USD 6.8 million on November 2 and 3, respectively. Earlier in October, the fund had recorded inflows of USD 103.1 million on October 13 and USD 212.7 million on October 21. Farside's data places FBTC's cumulative net inflows at approximately USD 10.43 billion since launch.
The figures represent net fund flows rather than discrete Bitcoin purchases. FBTC holds Bitcoin directly to track its market price rather than using futures contracts. According to the fund's SEC prospectus, authorized participants can create or redeem shares using either Bitcoin or cash, so subscriptions support Bitcoin demand but daily flow data do not identify individual trades. The fund charges an annual fee of 0.25%, Fidelity Digital Assets provides custody, and shares trade on the Cboe BZX Exchange.
Separately, Fidelity Digital Assets reported that preferred-stock financing helped Bitcoin treasury firms accumulate 135,979 BTC as of October 5, 2026, equal to more than 0.5% of Bitcoin's fixed 21 million supply. That route differs from ETF demand: preferred-stock investors hold securities issued by businesses, and further accumulation depends on companies raising new capital and meeting payment obligations.
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