Ethereum ETF Investors Hit the Eject Button as Fidelity’s FETH Logs $30M Outflow

Ethereum Nerves Show as Fidelity’s FETH ETF Sees $30M in Single-Day Outflows

The Fidelity Ethereum Fund ETF, FETH, recorded a sharp outflow of $30.9 million on January 22, 2026, trimming roughly 1.46% from its $2.12 billion in assets under management. While modest relative to its overall size, the one-day redemption marks a notable bout of investor caution after a volatile quarter for Ethereum-linked products.

The latest move suggests some shareholders are locking in gains from earlier in the cycle or cutting exposure amid growing uncertainty around the path of digital assets. Although FETH still commands a substantial AUM base, the scale of the withdrawal indicates that even large, institutionally focused vehicles are not immune to swings in sentiment as traders reassess risk in a choppy macro backdrop.

The related asset, ETH-USD, is currently trading at $3,011.22, down about 26.16% over the past three months. The coin’s near-term outlook remains fragile, with a 1-day technical signal of Sell, reinforcing the narrative that short-term momentum has turned against bulls even as longer-term adoption themes stay in focus.

For ETF investors, the combination of sustained price pressure in Ethereum and bearish technical readings helps explain the recent redemption wave, as portfolio managers rebalance and retail holders pare back exposure. The coming weeks will show whether January’s outflow proves to be a brief shakeout or the early stages of a deeper rotation out of crypto-linked funds.

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