Bitcoin ETF Bulls Hit the Brakes as Bitwise’s BITC Sees Notable Outflow
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The Bitwise Bitcoin Strategy Optimum Roll ETF, BITC, recorded a sharp reversal in investor sentiment on January 16, 2026, as the fund saw outflows of $964,575. With total assets under management now standing at approximately $14.48 million, the latest redemption wave represents about 6.66% of the ETF’s AUM — a meaningful pullback that suggests some investors are locking in cash or cutting exposure amid renewed volatility in the underlying crypto market.
The related asset, BTC-USD, is currently trading around $88,271.69, having dropped roughly 20.28% over the past three months. The short-term tone is cautious as well, with a 1-day technical reading flashing a bearish cue: Sell. That combination of a deeper three-month drawdown and a negative near-term signal helps explain why some BITC holders may be heading for the exits, wary that downside momentum in bitcoin could persist.
Still, the scale of BITC’s outflow, while sizeable as a share of assets, also underscores how tactical this segment of the market has become. Active traders frequently rotate in and out of bitcoin-linked ETFs to express short-term views on macro conditions, liquidity, and regulatory headlines. If bitcoin stabilizes or reverses higher, flows could just as quickly swing back, making BITC a useful barometer of risk appetite in listed crypto products.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.