Ethereum Jitters: Investors Pull Cash From Fidelity’s FETH ETF as Token Slides
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The Fidelity Ethereum Fund ETF, FETH, saw outflows of $2,217,368 on January 2, 2026, a modest but notable retreat that represents roughly 0.10% of its $2.32 billion in assets under management. While the flow is small in percentage terms, it underscores growing investor caution around Ethereum-linked products after a choppy quarter for the underlying token.
The related asset, ETH-USD, is currently trading at $3,196.44, down about 26.6% over the past three months. The sharp drawdown has eroded some of the enthusiasm that powered earlier inflows into spot Ethereum products, and the near-term outlook remains cautious, with a 1-day technical stance rated as Hold.
For FETH holders, the latest outflows may reflect profit-taking from earlier rallies, a rotation back into Bitcoin-focused vehicles, or simple risk-off behavior as macro uncertainty weighs on speculative assets. Yet the relatively small percentage of AUM affected suggests that core conviction in Ethereum exposure via institutional-grade wrappers like FETH remains intact, even as traders recalibrate expectations for regulatory and on-chain catalysts.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.