Bitcoin Chill: $40M Exits Bitwise’s BITB as Bearish Signals Hit the Market

Bitcoin ETF Investors Hit the Brakes as BITB Sees Over $40M Walk Out the Door

The Bitwise Bitcoin ETF Trust, ticker BITB, recorded a sharp outflow of $40.38 million on January 21, 2026, a notable redemption that trimmed roughly 1.15% of its $3.52 billion in assets under management (AUM). While the withdrawal represents a modest fraction of total assets, the move underscores growing investor caution around Bitcoin-linked products amid mounting price and technical pressure on the underlying asset.

The related asset, BTC-USD, is currently trading at $88,859.99, having shed about 18.9% over the past three months. That medium-term slide is now being reinforced by near-term technicals, with the one-day signal flashing a bearish Strong Sell. The combination of sustained price weakness and negative short-term momentum likely contributed to investors locking in profits or cutting risk, translating into the sizeable outflow from BITB.

Despite the pullback, BITB still commands multi-billion-dollar AUM, suggesting that institutional and retail interest in spot Bitcoin exposure remains intact, even as positioning turns more tactical. If volatility persists and technical signals stay bearish, further episodic outflows across Bitcoin ETFs cannot be ruled out, especially from funds most exposed to short-term traders.

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