Investors Yank Nearly 3% of Assets from Fidelity’s Ethereum ETF as Ether Slump Deepens

Investors Hit Pause on Fidelity’s Ether Play as Nearly 3% of Assets Walk Out the Door

The Fidelity Ethereum Fund ETF, FETH, saw a sharp reversal in sentiment on January 30, 2026, as investors pulled $59.19 million from the vehicle. The outflow, equal to roughly 2.82% of the fund’s latest reported assets under management of $2.10 billion, marks a notable bout of profit-taking — or nerves — in a market already grappling with renewed volatility in digital assets.

The scale of the single-day redemption is significant for a relatively new, growth-oriented crypto ETF and suggests that some holders are locking in gains from earlier rallies or cutting risk as Ethereum struggles to regain momentum. While FETH remains sizable, the flow shows how quickly institutional and retail sentiment can pivot when price action weakens and macro uncertainty lingers over risk assets.

The related asset, ETH-USD, is currently trading at $2,428.98, down about 30.63% over the past three months. That drawdown underscores the pressure on Ether-focused products like FETH, especially as traders reassess growth narratives in decentralized finance and smart-contract ecosystems. The coin’s 1-day technical stance is flashing a cautious tone, with indicators aligned on a Sell signal, reinforcing the near-term bearish bias.

With Ethereum underperforming and technicals skewing negative, allocators may continue to rebalance away from concentrated crypto exposure until clearer catalysts emerge, such as regulatory clarity, new on-chain activity spurts, or stabilization in broader risk markets. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.