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Fidelity’s FBTC Sees $150 Million Exit as Bitcoin Slides but Short-Term Signal Turns Bullish

Fidelity’s FBTC Sees $150 Million Exit as Bitcoin Slides but Short-Term Signal Turns Bullish

Bitcoin ETF investors blinked as the Fidelity Wise Origin Bitcoin Fund, FBTC, logged an outflow of $150.4 million on April 28, 2026. The redemption shaved roughly 1.05% off the fund’s $14.28 billion in assets under management, marking a notable bout of profit-taking after weeks of choppy digital-asset trading.

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The related asset, BTC-USD, is currently trading at $77,660.01. Over the past three months, Bitcoin has slipped about 6.25%, even as its 1‑day technical signal flashes Buy, underscoring a divergence between near-term momentum indicators and cautious ETF fund flows.

The size of FBTC’s latest outflow suggests that some institutional and retail holders may be locking in gains or reallocating risk amid renewed volatility in the crypto complex. Yet the fund’s still-robust asset base, combined with a short-term bullish signal on spot Bitcoin, hints that the move may reflect rotation rather than a wholesale exodus from the asset class.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

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