Bitcoin Dip, Fidelity Drip: Modest Inflows Hint at Quiet Confidence in FBTC
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The Fidelity Wise Origin Bitcoin Fund, FBTC, notched fresh inflows of roughly $7.3 million on February 2, 2026, even as its underlying crypto asset continues to struggle. The new money represents about 0.045% of the fund’s latest reported assets under management, which stand at $16.09 billion—small in percentage terms, but notable given the broader risk-off mood in digital assets.
The related asset, BTC-USD, is currently trading around $78,342.01, having shed roughly 29% over the past three months. Short-term momentum remains negative, with a 1-day technical signal of Sell, underscoring continued pressure from profit-taking and macro uncertainty.
The juxtaposition of declining spot prices and ongoing ETF inflows suggests a segment of investors is using the weakness to accumulate exposure through regulated vehicles rather than direct holdings. While the latest flow into FBTC is not large enough to shift the fund’s trajectory on its own, it highlights a persistent base of institutional and retail demand that sees the current drawdown as an opportunity rather than an exit signal.
Still, with Bitcoin stuck in a corrective phase and technical indicators flashing caution, the near-term outlook remains fragile. ETF buyers appear to be playing a longer game, betting that structural adoption and the appeal of a simplified access point will ultimately outweigh short-term volatility.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.