Fidelity's Ethereum ETF clients purchased $28.6 million worth of ETH this week, marking the fund's strongest buying period since late April, according to wallet flow data from Arkham Intelligence. The purchases represent a return of institutional interest in Ethereum ETFs after several weeks of outflows through May. Total net inflows across all Ethereum ETFs reached $41.52 million at press time, signaling a potential recovery in institutional appetite for ETH exposure despite the asset trading at approximately $1,651.
Fidelity Records Largest ETH Purchase Since Late April
According to Arkham Intelligence wallet flow data, Fidelity's ETF clients accumulated $28.6 million worth of ETH this week. The buying activity represents the strongest week for Fidelity's ETH ETF in the past two months.
The purchases involved multiple ETH transfers linked to Fidelity FETH ETF inflows, with transactions routed through Coinbase and Wintermute. The repeated movements indicate sustained institutional buying rather than isolated transfers.
Ethereum ETF Market Shows Net Inflows After May Decline
Total net inflows for Ethereum ETFs stood at $41.52 million at press time, according to SoSoValue data. The positive inflows follow several weeks of outflows during May.
Total net assets across Ethereum ETFs remained at $9.13 billion at press time, with ETH priced at approximately $1,657. The asset base demonstrates continued institutional holdings despite recent price weakness.
ETH Price Remains Below Recent Highs Despite Buying Activity
ETH traded at around $1,651 at press time, following a decline in early June. Technical indicators showed the Relative Strength Index in weak territory and the Directional Movement Index indicating seller control at press time.
The price level represents a significant retreat from recent highs, with technical data from TradingView showing cautious market conditions despite the return of ETF inflows.
FAQ
What did Fidelity's Ethereum ETF clients buy this week?
Fidelity's ETF clients purchased $28.6 million worth of ETH this week, according to Arkham Intelligence wallet flow data. This represents the strongest buying week for Fidelity's ETH ETF since late April.
What are the total inflows for Ethereum ETFs at press time?
Total net inflows across all Ethereum ETFs reached $41.52 million at press time, according to SoSoValue. This follows several weeks of outflows during May, with total net assets standing at $9.13 billion.
