Ethereum ETF Sees Subtle Shakeout as Traders Test Fidelity’s Resolve
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The Fidelity Ethereum Fund ETF, FETH, logged net outflows of $4.63 million on January 09, 2026, a modest withdrawal that nevertheless underscores fragile sentiment around Ethereum exposure. The move represents roughly 0.20% of the ETF’s latest assets under management, which stand at about $2.30 billion, suggesting investors are trimming rather than abandoning positions.
The related asset, ETH-USD, is currently trading at $3,135.06, down about 26.7% over the past three months. The 90-day slide reflects a broader cooling in speculative appetite after Ethereum’s earlier run-up, with many traders reassessing risk as rates remain elevated and regulatory signals around crypto-based products stay mixed. Short-term momentum remains weak, underscored by a 1-day technical signal of Sell, which may be reinforcing caution among ETF investors.
Yet the scale of the latest outflow, at just a fraction of total AUM, points more to tactical repositioning than a structural exodus from Ethereum. For long-term allocators, the combination of a sizable AUM base and relatively mild redemptions suggests FETH is still viewed as a core vehicle for institutional and sophisticated retail exposure to Ethereum, even as near-term volatility drives choppier flow patterns.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.