Bitcoin jitters hit Fidelity’s flagship crypto fund as withdrawals top $9.8 million
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The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded outflows of $9,755,260 on January 23, 2026, a modest but notable pullback for one of the largest spot bitcoin ETFs. With assets under management standing at $17.41 billion, the latest redemption accounts for roughly 0.06% of the fund’s capital, suggesting a bout of profit-taking rather than a wholesale exit.
The move comes against a challenging backdrop for the underlying asset. The related cryptocurrency, BTC-USD, is trading around $87,786.01, down about 22.1% over the past three months. Short-term momentum remains fragile, with the 1-day technical signal flashing Sell, reinforcing concerns that bitcoin’s recent correction may have further to run.
For FBTC holders, the latest flows highlight a shift in tone after a long period of robust inflows into spot bitcoin products. While the scale of the outflow is small relative to AUM, it reflects mounting caution as investors reassess risk exposure in the face of heightened volatility and a weakening technical setup for bitcoin. If bitcoin’s drawdown deepens, similar ETFs could see more pronounced redemptions as traders and institutions recalibrate their crypto allocations.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.