Bitcoin Heavyweight Fidelity’s FBTC Sees Investors Hit the Brakes as Outflows Bite
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The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded net outflows of $74.4 million on December 29, 2025, a notable pullback for one of the largest spot Bitcoin ETFs. The redemption represents roughly 0.42% of the fund’s latest reported assets under management, which stand at $17.63 billion, underscoring how even a relatively small percentage move in flows can translate into sizeable dollar shifts in the maturing crypto-ETF market.
The outflow comes at a time when sentiment toward Bitcoin has cooled after a torrid earlier phase of the cycle. The related asset, BTC-USD, is currently trading at $88,579.64, having shed about 21.1% over the past three months. Despite that drawdown, the 1-day technical outlook sits at a muted Hold, suggesting traders are waiting for clearer direction rather than positioning aggressively for further downside or a sharp rebound.
The combination of modest but meaningful ETF outflows and a three-month price slump points to a consolidation phase rather than outright capitulation. For long-term allocators, the recent withdrawal from FBTC may reflect profit-taking and risk management after earlier gains, while short-term participants could be reacting to macro uncertainty and shifting expectations around interest rates and liquidity. Whether this marks a pause before renewed institutional accumulation or the start of a deeper repositioning will hinge on Bitcoin’s ability to reclaim momentum and rebuild confidence into 2026.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.