### Fidelity’s Decentralized Finance Fund Sees $2.6 Million Outflow, Ethereum ETF Dips into Negative Zone for the First Time Excluding Grayscale
Fidelity’s decentralized finance (DeFi) fund has experienced a significant $2.6 million outflow, reflecting investor apprehension. Meanwhile, an Ethereum ETF, apart from the one offered by Grayscale, has plunged into the negative territory for the first time. This development signals growing concerns within the crypto market, particularly towards Ethereum.
The outflow from Fidelity’s DeFi fund emphasizes a cautious sentiment amongst investors amid ongoing market volatility. Ethereum’s recent performance, marked by the ETF’s downturn, underscores the challenges faced by the cryptocurrency in maintaining its value.
As the market continues to evolve, investors will be closely monitoring these trends, which could signal broader implications for Ethereum and the decentralized finance landscape.