Fidelity’s Bitcoin ETF Bleeds Cash as Rally Cools, but Bulls Stay in the Game
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The Fidelity Wise Origin Bitcoin Fund, FBTC, recorded net outflows of $128.99 million on May 8, 2026, marking a notable bout of profit-taking in one of the largest spot Bitcoin ETFs. The redemption represents roughly 0.85% of the fund’s $15.24 billion in assets under management, a meaningful but not yet destabilizing slice of its capital base.
The related asset, BTC-USD, is currently trading at $80,799.53, extending a three‑month advance of about 15.68% even as short‑term flows turn negative. Despite the latest pullback in ETF demand, the coin’s one‑day technical signal stands at Buy, suggesting momentum traders still see scope for further upside.
Investors appear to be rebalancing after Bitcoin’s sharp run, locking in gains while the broader risk environment remains fragile. Yet the scale of FBTC’s outflows, relative to its sizable AUM, indicates institutional interest in listed Bitcoin exposure persists, with the fund still commanding a significant share of the burgeoning spot crypto ETF market.
Market watchers will be monitoring whether this latest redemption is an isolated bout of profit‑taking or the start of a broader rotation away from Bitcoin. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.