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Fidelity’s Ethereum Fund Leads December Crypto Inflows With $59.25 Million

Ethereum ETFs experienced a sharp reversal in January, with $230 million in net outflows led by BlackRock and Fidelity products, according to SoSoValue.

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Summary

Ethereum spot ETFs saw $230 million in net outflows on January 20, according to SoSoValue data. BlackRock’s ETHA recorded the largest daily withdrawal at $92.3 million, followed by Fidelity’s FETH at $51.54 million. The total Ethereum ETF market now holds $18.411 billion in net assets, representing a 5.07% share of the broader crypto ETF market.

Terms & Concepts
  • Ethereum ETF: An exchange-traded fund that provides exposure to Ether’s price without directly holding the cryptocurrency.
  • Outflows: Investor capital leaving a fund over a specified period, often indicating reduced demand or profit-taking.