The latest data shows that Fidelity's Ethereum ETF product (Fidelity FETH ETF) has transferred a total of 13,235 Ethereum tokens worth approximately $36.29 million from the Coinbase platform and Cumberland DRW market makers in the last 4 hours, with the average price of Ethereum during the transfer being around $2,742. This large withdrawal operation likely indicates that funds are flowing into this ETF product, reflecting institutional interest in the Ethereum market. This trend may impact short-term ETH price movement and is worth close attention from market participants.
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The latest data shows that Fidelity's Ethereum ETF product (Fidelity FETH ETF) has transferred a total of 13,235 Ethereum tokens worth approximately $36.29 million from the Coinbase platform and Cumberland DRW market makers in the last 4 hours, with the average price of Ethereum during the transfer being around $2,742. This large withdrawal operation likely indicates that funds are flowing into this ETF product, reflecting institutional interest in the Ethereum market. This trend may impact short-term ETH price movement and is worth close attention from market participants.