Fidelity's Bitcoin ETF Sees Outflow Amid Strong Rally

Fidelity's Bitcoin ETF, FBTC, saw a significant outflow of $43.67 million on September 2nd, trimming its assets under management to $13.51 billion.

This represents roughly 0.32% of AUM, a modest but notable pullback that hints at some profit-taking after a strong run in the underlying asset, Bitcoin.

The related asset, BTC-USD, is currently trading at $79,904.54 after gaining about 29.27% over the past three months.

Despite the ETF outflow, the coin's near-term outlook remains constructive, with a 1-day technical signal flashing Strong Buy.