Bitcoin’s slide deepens as Fidelity’s FBTC bleeds cash again. The Fidelity Wise Origin Bitcoin Fund saw outflows of $229.2 million on April 14, 2026, trimming its assets under management to about $13.60 billion and wiping out roughly 1.69% of its AUM in a single session.
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The latest redemption wave underscores how quickly institutional sentiment can turn on spot bitcoin products after a sharp rally. Investors appear to be locking in gains or cutting risk as volatility picks up, even though FBTC remains one of the largest U.S. spot bitcoin vehicles by assets.
The related asset, BTC-USD, is currently trading at $74,659.43, down about 21.52% over the past three months. Its 1-day technical signal stands at Hold, reflecting a market in search of direction rather than a clear bullish or bearish trend.
That mixed technical picture may be feeding the cautious stance among ETF investors, who are sensitive to short-term drawdowns after months of heavy inflows. If bitcoin stabilizes around current levels, outflows from FBTC could ease, but a deeper correction might accelerate redemptions and pressure AUM further.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.