Ethereum ETF Sees Sharp Outflows as Traders Turn Their Backs on Crypto’s Second-Largest Coin
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The Fidelity Ethereum Fund ETF, FETH, recorded notable redemptions on January 22, 2026, with investors pulling out $30.9 million in a single session. The outflow represents roughly 1.41% of the ETF’s latest reported assets under management, which stand at about $2.18 billion, signaling a meaningful bout of investor caution rather than a minor portfolio tweak.
The related asset, ETH-USD, is currently trading around $2,916.59, having shed approximately 22.8% over the past three months. The short-term picture looks equally challenging, with the 1-day technical signal flashing a bearish Strong Sell, underscoring persistent selling pressure and weak momentum in the underlying token.
The combination of sizable ETF outflows and deteriorating technicals suggests that institutional and sophisticated retail investors are reassessing their Ethereum exposure amid broader risk-off sentiment in digital assets. While FETH’s overall AUM base remains robust, the latest redemption wave may reflect growing unease over Ethereum’s recent underperformance and uncertainty around the timing of any sustained rebound.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.