Bitcoin ETF Investors Hit the Brakes as Fidelity’s FBTC Sees Rare Wave of Redemptions
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The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded net outflows of $66.6 million on January 2, 2026, a notable pullback for one of the flagship spot bitcoin ETFs. The redemption represents roughly 0.38% of the fund’s latest reported assets under management, which stand at $17.61 billion, suggesting a meaningful but not yet destabilizing bout of investor caution.
The move comes as the underlying asset, BTC-USD, trades at $91,424.21, having shed about 27.18% over the past three months. Despite that sharp drawdown, short-term technicals remain ambiguous, with the 1-day signal sitting at Hold, underscoring a market caught between profit-taking after last year’s rally and expectations for renewed institutional demand.
For FBTC, the latest outflow is part of a broader story in bitcoin-linked products: sizable AUM cushions allow for significant daily redemptions without triggering disorderly trading, but consistent withdrawals could signal waning confidence in the near-term price trajectory. For now, the fund’s scale and the relatively modest percentage move in assets suggest investors are repositioning rather than staging a full-scale exit from bitcoin exposure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.