Ethereum ETF Sees Fresh Inflows as Token Price Slumps, Testing Investor Conviction
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The Fidelity Ethereum Fund ETF, FETH, registered fresh net inflows of $752,027 on January 29, 2026, nudging higher against a backdrop of pressure in the underlying crypto market. The move is modest in scale—equivalent to about 0.03% of the fund’s $2.33 billion in assets under management—but suggests that some investors continue to add exposure to Ethereum even as prices retreat.
The related asset, ETH-USD, is currently trading at $2,644.68, having shed roughly 30.28% over the past three months. The short-term picture remains fragile, with a 1-day technical signal flashing Sell, highlighting ongoing downside momentum and cautious sentiment among traders.
Against that backdrop, the latest inflows into FETH look less like a broad rush back into risk and more like selective positioning: long-term allocators may be averaging down, while short-term traders remain wary of catching a falling knife. With Ethereum underperforming in recent months, the ETF’s incremental inflow underscores a split market—where conviction buyers quietly build positions as technical indicators warn of further volatility.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.