Bitcoin Jitters: Fidelity’s FBTC Sees Rare One-Day Exodus as Price Slump Deepens
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The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded net outflows of $120.52 million on January 9, 2026, a notable pullback for one of the largest U.S. spot bitcoin ETFs. The redemption represents roughly 0.67% of the fund’s latest reported assets under management, which stand at $17.89 billion, suggesting a meaningful—though not yet destabilizing—bout of investor profit-taking or risk reduction.
The move comes against a challenging backdrop for the underlying asset. The related asset, BTC-USD, is currently trading at $90,615.32, having shed about 18.38% over the past three months. Short-term momentum remains fragile, with the 1-day technical signal flashing Sell, underscoring ongoing downside pressure and growing caution among traders.
For FBTC holders, the latest outflow suggests that some investors are no longer willing to ride out the volatility after bitcoin’s recent drawdown, even as the fund’s overall asset base remains robust. If weakness in BTC-USD persists and technical indicators stay in bearish territory, further redemptions could follow, potentially amplifying short-term price swings across the broader crypto market.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.