Ethereum Investors Tap the Brakes: Fidelity’s FETH Logs $30.9 Million Outflow as Price Slumps

Ethereum ETF Sees Investors Head for the Exits as Volatility Bites

The Fidelity Ethereum Fund ETF, FETH, recorded a sharp outflow of $30.9 million on January 22, 2026, as investors pulled back exposure to the second-largest cryptocurrency by market cap. The redemption represents roughly 1.46% of the fund’s latest reported assets under management, which stand at about $2.12 billion, signaling a meaningful bout of profit-taking or risk-off positioning rather than a minor liquidity blip.

The move comes against a backdrop of sustained weakness in the underlying asset. The related cryptocurrency, ETH-USD, is trading around $2,905 after sliding approximately 28.7% over the past three months. Short-term momentum remains fragile, with the 1-day technical signal flashing Sell, underscoring bearish sentiment in the near term.

For FETH, the latest outflow suggests that institutional and sophisticated retail investors are reassessing exposure to Ethereum-linked products amid higher volatility and a cooling in risk appetite across digital assets. While AUM remains substantial, the size of the withdrawal relative to the fund’s base hints at a cautious market tone, with traders waiting for clearer signs of stabilization in Ethereum’s price action before re-engaging.

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