Fidelity’s Bitcoin ETF Sees Outflow as Price Slump Tests Investor Nerves
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The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded net outflows of $9.76 million on January 23, 2026, a modest pullback that nonetheless reflects growing caution around Bitcoin exposure. With assets under management of approximately $17.41 billion, the latest redemption represents about 0.06% of the fund’s AUM, suggesting selective profit-taking or risk-trimming rather than a wholesale exodus.
The move comes against a challenging backdrop for the underlying asset, Bitcoin. The related asset, BTC-USD, is currently trading around $89,437, having shed roughly 21.5% over the past three months. Short-term momentum remains weak, with the 1-day technical signal flashing Sell, underscoring the pressure on price and sentiment.
Despite the recent downturn, FBTC’s sizable AUM base indicates that institutional and retail holders are largely staying put, tolerating near-term volatility in anticipation of longer-term digital asset adoption. The relatively small percentage outflow signals that while sentiment has cooled alongside Bitcoin’s decline, the ETF is not yet experiencing the kind of accelerated redemptions typically associated with capitulation phases.
Market participants will be watching whether continued technical weakness in Bitcoin triggers more sustained outflows from FBTC or whether investors treat current levels as a buying opportunity once price action stabilizes. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.