Investors Pull Back from Fidelity’s FBTC as Bitcoin Slump Spurs $120 Million Outflow

Investors Tap the Brakes on Fidelity’s Bitcoin ETF as Outflows Pinch a Slumping Market

The Fidelity Wise Origin Bitcoin Fund, ticker FBTC, recorded sizable net outflows of $120.5 million on January 9, 2026, as sentiment around bitcoin-linked products continued to wobble. The redemption represents roughly 0.67% of the fund’s latest assets under management, which stand at $17.89 billion, signaling a meaningful but not yet destabilizing pullback from one of the market’s marquee spot bitcoin ETFs.

The latest flow marks a notable cooling of demand after a long period in which spot bitcoin ETFs served as a primary on-ramp for institutional and retail exposure. While 0.67% of AUM exiting in a single day does not suggest a full-blown exodus, it underscores how quickly ETF investors are trimming risk amid elevated volatility and a tired price trend in the underlying crypto asset.

The related asset, BTC-USD, is currently trading at $90,520.02, down about 21.1% over the past three months. Despite that drawdown, near-term technicals are flashing a more constructive tone, with the 1-day technical signal leaning Buy. This divergence—short-term technical improvement versus a still-negative medium-term performance profile—helps explain the mixed behavior in flows, as some investors lock in losses or reduce exposure while others position for a potential rebound.

For ETF watchers, FBTC’s latest outflows suggest that bitcoin’s consolidation phase is testing the patience of more tactical holders, even as long-term believers may view current levels as an opportunity. If price momentum stabilizes and the short-term “Buy” signal for BTC-USD proves durable, the recent redemption could end up looking more like nervous profit-taking than the start of a sustained unwind in bitcoin ETF assets.

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