Crypto
Fidelity Ethereum Fund ETF Experiences Large Outflow Amid Bullish Signals
The Fidelity Ethereum Fund ETF, FETH, experienced a significant outflow of $25.15 million on September 11, reducing its assets under management to approximately $1.33 billion.
This withdrawal represents about 1.9% of AUM and suggests that some investors are locking in gains after a strong crypto rally.
The related asset, ETH-USD, has surged by around 49.5% over the past three months, trading near $2,484.57.
Despite the outflow, short-term momentum remains robust, with a Strong Buy technical signal flashing for the one-day time frame.