Fidelity Ethereum Fund ETF Sees $26 Million Outflow Amid Bullish Momentum

The Fidelity Ethereum Fund ETF (FETH) saw significant outflows of $26.17 million on September 03, representing about 2.03% of its $1.29 billion in assets under management.

This comes after months of steady accumulation and a recent surge in the price of ETH-USD, which has risen by around 55.1% over the past three months to $2,458.58.

Despite this, short-term momentum remains bullish, with a technical signal flashing Strong Buy, suggesting traders continue to favor direct exposure to Ethereum.

The disconnect between ETF flows and spot price performance suggests that some institutional investors may be locking in gains through the fund structure, while retail and derivatives markets continue to chase the rally in the underlying token.