Bitcoin Investors Hit the Brakes as Fidelity’s Flagship ETF Sees One of Its Sharpest Outflows
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded a sharp reversal in sentiment on January 08, 2026, with investors pulling out $247.6 million in a single day. The redemption, equal to roughly 1.37% of the ETF’s $18.05 billion in assets under management (AUM), marks one of the more notable outflow episodes for the vehicle amid mounting pressure in the underlying Bitcoin market.
While a 1.37% swing in AUM is not unprecedented for a crypto-linked product, the size of the move suggests a meaningful shift in positioning among institutional and retail holders alike. The outflow underscores how quickly capital can rotate in and out of spot bitcoin ETFs when conviction in near-term price direction weakens.
The related asset, BTC-USD, is currently trading around $90,635.99, having shed roughly 19.7% over the past three months. Technically, the market tone remains fragile, with the 1-day signal flashing Sell, reinforcing the view that traders are still cautious about adding fresh exposure at current levels.
Against this backdrop, the latest outflow from FBTC can be seen as part of a broader risk reset in crypto, as investors reassess how much volatility they are willing to stomach after a steep multi-month drawdown. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.