Bitcoin ETF Investors Hit the Brakes as Fidelity’s FBTC Sees Nearly $189 Million Walk Out
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The Fidelity Wise Origin Bitcoin Fund, FBTC, recorded a sizable outflow of $188.9 million on January 16, 2026, a move that trimmed roughly 0.98% from its $19.2 billion in assets under management. While the withdrawal represents less than 1% of the fund’s capital base, it marks a notable shift in sentiment after a period of strong inflows that had helped cement FBTC’s role as a flagship institutional vehicle for Bitcoin exposure.
The related asset, BTC-USD, is currently trading around $92,938.01, having shed about 13.1% over the past three months. The short-term picture looks fragile as well, with the 1-day technical outlook flashing a cautious tone, registering a Sell signal. Taken together, the ETF outflows and weakening technicals suggest that a portion of investors may be locking in earlier gains or stepping to the sidelines amid heightened volatility and uncertainty over the sustainability of Bitcoin’s latest price range.
Still, given FBTC’s sizable remaining AUM, the latest redemption wave appears more like a tactical repositioning than a wholesale abandonment of the asset class. Market participants will be watching closely to see whether this episode proves to be a brief shakeout or the start of a more sustained cooling in institutional appetite for spot Bitcoin exposure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.