Fidelity Ethereum ETF FETH Receives $70.85 Million in ETH from Cumberland and Coinbase

## Fidelity Ethereum ETF Receives Major Inflows

The onchain wallet of Fidelity’s Ethereum ETF, FETH, has received substantial inflows from #Cumberland and #Coinbase. A total of 20,500 ETH, equivalent to approximately $70.85 million, was transferred to the wallet. This significant influx represents a strong show of confidence from key players in the crypto market, further solidifying Ethereum’s standing as a major asset in the digital economy. These moves are closely watched by investors and analysts as they could signal future trends and confidence levels in the broader cryptocurrency market. Such developments underscore the growing institutional interest and adoption of digital assets like Ethereum.