Bitcoin Bulls Blink as Fidelity’s FBTC Sees Nearly $190 Million Walk Out the Door

Bitcoin Bulls Blink as Fidelity’s FBTC Sees Nearly $190 Million Walk Out the Door

The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded net outflows of $188.9 million on January 16, 2026, a notable redemption wave that shaved roughly 0.98% off its asset base in a single session. Despite the sizeable withdrawal, the spot Bitcoin ETF still commands a hefty $19.20 billion in assets under management (AUM), underscoring its role as a core vehicle for institutional and retail exposure to the world’s largest cryptocurrency.

The latest flow data suggest some investors are taking risk off the table or locking in gains after a volatile stretch for Bitcoin. A near-1% pullback in AUM in one day is material for a fund of FBTC’s size, pointing to growing sensitivity to macro signals and regulatory noise in the broader digital asset market. Still, the fund’s scale indicates that, for now, outflows are a recalibration rather than an exodus.

The related asset, BTC-USD, is currently trading at $95,188.23. Over the past three months, Bitcoin has slipped about 11.03%, a reminder that the latest leg higher has been punctuated by sharp drawdowns. Yet short-term momentum remains constructive: the 1-day technical signal stands at Buy, hinting that traders see the recent weakness as an opportunity rather than a trend reversal.

For FBTC holders, the contrast between medium-term price pressure and a bullish near-term technical read raises a key question: are the recent redemptions a tactical move by short-term players, or the early stages of a deeper risk re-pricing? Flows in the coming sessions will be critical in determining whether this week’s outflow marks a brief bout of profit-taking or a shift in sentiment toward Bitcoin exposure via ETFs.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.