Fidelity’s Bitcoin ETF Bleeds Cash as Crypto Rout Deepens
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The Fidelity Wise Origin Bitcoin Fund FBTC logged outflows of $27.93 million on February 24, 2026, underscoring renewed investor caution toward spot Bitcoin products. The redemption represented roughly 0.23% of the fund’s $11.98 billion in assets under management, a modest slice in percentage terms but notable as sentiment cools after last year’s ETF-driven euphoria.
The related asset, BTC-USD, is currently trading at $65,546 after a bruising three-month slide of about 25.66%, erasing a large chunk of its prior gains. Short-term momentum remains bearish, with a 1-day technical signal of Strong Sell, a backdrop that likely contributed to the latest wave of redemptions from the Fidelity vehicle.
While the single-day outflow is far from catastrophic for FBTC, it hints at a maturing investor base that is quicker to trim risk when technicals sour and volatility spikes. If weakness in Bitcoin persists, more U.S. spot ETFs could see similar pressure as traders rotate toward cash or short-duration yield, testing just how “sticky” institutional allocations to crypto have become.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.