Bitcoin Bulls Blink as Fidelity’s FBTC Logs $79M in Outflows
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The Fidelity Wise Origin Bitcoin Fund, FBTC, recorded net outflows of $79.12 million on April 09, 2026, trimming its assets under management to $13.35 billion. The latest redemption wave represents roughly 0.59% of FBTC’s AUM, a meaningful but not destabilizing pullback for one of the largest spot Bitcoin ETFs.
The related asset, BTC-USD, is currently trading at $72,946.83 after sliding about 22.27% over the past three months. Despite that drawdown, short-term momentum has turned more constructive, with a 1-day technical signal flashing Buy, suggesting traders may be eyeing a tactical rebound.
FBTC’s outflows hint that some investors are locking in earlier gains or derisking as Bitcoin’s volatility resurfaces, even as technicals tilt bullish in the very near term. The divergence between shifting ETF flows and improving short-term signals underscores ongoing uncertainty around whether this pullback is a buying opportunity or the start of a longer consolidation phase.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.