Bitcoin Jitters Hit Fidelity’s Flagship ETF as Outflows Bite Into Billions
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The Fidelity Wise Origin Bitcoin Fund, FBTC, recorded net outflows of $47.8 million on April 08, 2026, trimming assets under management to about $12.94 billion. The latest redemption represents roughly 0.37% of AUM, a modest but notable pullback that underscores investor caution after a volatile stretch in the underlying cryptocurrency.
The related asset, BTC-USD, is currently trading near $71,786, having shed about 21.3% over the past three months amid shifting risk appetite and macro uncertainty. Yet the short-term picture looks more constructive, with a 1-day technical signal flashing Buy, hinting that some traders may see the recent drawdown as a buying opportunity rather than a trend break.
FBTC’s latest outflow suggests some holders are locking in earlier gains or de-risking after bitcoin’s rapid run-up and subsequent correction, even as long-term narratives around institutional adoption and digital-gold positioning persist. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.