Bitcoin Jitters: Bitwise’s Flagship ETF Sees Nearly $90 Million Walk Out the Door
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The Bitwise Bitcoin ETF Trust, trading under the ticker BITB, recorded sizable outflows on January 20, 2026, as investors pulled $90.38 million from the fund. With assets under management now standing at roughly $3.77 billion, the latest redemption wave represents about 2.39% of total AUM, a meaningful single-day hit that underscores mounting caution around spot bitcoin exposure.
The move comes as the ETF, one of the larger vehicles offering direct access to bitcoin price action, has navigated an increasingly volatile backdrop. A withdrawal of this scale suggests a portion of investors may be locking in profits from earlier rallies or cutting risk amid growing concerns that the latest leg down in digital assets may have further to run.
The related asset, BTC-USD, is currently trading at $89,045.31. Over the past three months, bitcoin has fallen about 17.38%, erasing a chunk of prior gains and pressuring sentiment across crypto-linked funds. The short-term backdrop looks similarly fragile, with the 1-day technical signal flashing a bearish tone at Strong Sell, reflecting weak momentum and limited buying support in the near term.
Together, the pronounced outflows from BITB and the negative technical picture for bitcoin highlight a market in reassessment mode, as investors weigh whether the recent pullback is a temporary shakeout or the start of a deeper correction in the digital asset cycle. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.