Bitcoin Jitters or Just Profit-Taking? Fidelity’s FBTC Sees Modest Outflow Amid Crypto Slump
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The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded an outflow of $9.76 million on January 23, 2026, a relatively small redemption given its sizeable $17.41 billion in assets under management. The latest move represents roughly 0.06% of AUM, suggesting investors are trimming exposure rather than staging a wholesale exit from one of the market’s flagship spot Bitcoin ETFs.
The related asset, BTC-USD, is currently trading at $88,271.69, down about 20.3% over the past three months. Technically, the short-term picture has deteriorated, with a 1-day signal flashing Sell, underscoring waning momentum and a more cautious tone among traders.
While the price slide in Bitcoin has clearly weighed on sentiment, the relatively small proportion of outflows compared with FBTC’s total asset base hints that longer-term holders are largely staying put. Instead, the latest flows appear to reflect tactical de-risking after a volatile quarter for digital assets. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.