Ethereum Jitters: Fidelity’s FETH Sees Modest Outflow as Token Slides Deeper Into Correction
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The Fidelity Ethereum Fund ETF, FETH, recorded an outflow of $2.22 million on January 2, 2026, a relatively small move amounting to about 0.10% of its latest reported assets under management of roughly $2.20 billion. While the withdrawal is minor in percentage terms, it underscores growing investor caution around Ethereum-linked products after a sharp drawdown in the underlying token.
The related asset, ETH-USD, is currently trading at $3,142.82, having shed about 31.4% over the past three months. Despite that pronounced decline, the short-term picture is more equivocal: the 1-day technical signal sits at Hold, suggesting neither a clear bullish nor bearish edge for traders assessing immediate price direction.
The combination of a deep three-month pullback and only modest ETF outflows hints that many FETH holders may be willing to ride out the volatility rather than capitulate. Still, even small redemptions can signal a shift in risk appetite, particularly among more tactical investors who use single-asset crypto ETFs as a leveraged bet on sentiment around the underlying coin.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.