Bitcoin’s Blue-Chip ETF Blinks: Fidelity’s FBTC Sees Nearly $288 Million Rush for the Exit

Bitcoin’s Blue-Chip ETF Blinks: Fidelity’s FBTC Sees Nearly $288 Million Rush for the Exit

The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded a sharp outflow of $287.7 million on January 22, 2026, as investors pulled back exposure to spot bitcoin. The redemption, while amounting to just 1.65% of the ETF’s latest assets under management of $17.47 billion, underscores mounting caution around the digital asset after a volatile start to the year.

The latest flow marks one of the more notable single-day pullbacks for Fidelity’s flagship bitcoin vehicle, which had previously benefited from sustained inflows as institutions embraced exchange-traded access to crypto. With nearly $17.5 billion still parked in the fund, the move is more a sign of risk recalibration than an outright exodus, but it suggests that even high-profile issuers are not immune to the shifting sentiment in the bitcoin trade.

The related asset, BTC-USD, is currently trading at $89,457.73, extending a three-month slide of about 19.3%. That drawdown has chipped away at the post-rally euphoria, leaving traders more sensitive to macro headwinds and regulatory uncertainty. Reflecting the deteriorating short-term picture, the one-day technical signal on bitcoin flashes a bearish warning at Strong Sell, aligning with the defensive positioning evident in FBTC’s latest flows.

For now, FBTC’s size and liquidity continue to anchor its role as a core vehicle for institutional bitcoin exposure, but the latest outflow highlights how quickly sentiment can turn when the underlying asset loses momentum. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.