Fidelity's Ethereum ETF Sees $26 Million Exits Amid ETH Price Rally

Fidelity's Ethereum Fund ETF experienced a significant outflow of $26.17 million on September 03, reducing its assets under management to approximately $1.29 billion.

This decline represents a 2% decrease in the fund's total AUM in just one session, sparking concerns about investor sentiment towards Ethereum.

Despite this outflow, the price of Ethereum (ETH) continues to trade strongly, hovering around $2,489.87 after a nearly 50% three-month rally.

The ETF's short-term technicals remain optimistic, with a Strong Buy signal suggesting that traders still see room for further upside.