Fidelity’s Ethereum bet is facing sizable turbulence as the Fidelity Ethereum Fund ETF, FETH, logged outflows of $43.52 million on February 13, 2026. The one-day redemption equals roughly 3.45% of its $1.26 billion in assets under management, signaling a notable pullback from investors who had previously embraced spot Ether exposure.
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The related asset, ETH-USD, is currently trading at $1,985.81 after a bruising three-month slide of about 35.36%. Short-term momentum remains negative, with the one-day technical signal flashing Strong Sell, a backdrop that likely reinforced risk-off flows from the ETF.
The scale of the single-day outflow underscores how quickly sentiment can pivot in the nascent Ether ETF space, even for a flagship issuer like Fidelity. With Ether under pressure and technical indicators skewed bearish, some institutional and retail holders appear to be locking in gains from earlier rallies or cutting exposure ahead of further volatility.
Still, with more than $1.26 billion left in the vehicle, FETH retains a substantial investor base that may view the latest pullback as part of a broader crypto cycle rather than a structural rejection of Ether. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.