Fidelity Acquires $28.6M in Ethereum After Slow Weeks

TLDR

• Fidelity purchased approximately $28.6 million worth of Ethereum over the past week.
• The transaction marks Fidelity’s largest weekly Ethereum buy since late April.
• Arkham Intelligence reported the purchase based on on-chain tracking data.
• The Ethereum ETF market recorded limited inflows during recent sessions.
• Fidelity increased its ETF holdings after weeks of restrained buying activity.

Fidelity increased its Ethereum exposure after a week of limited ETF inflows. Arkham Intelligence reported that the firm acquired about $28.6 million in Ethereum. The transaction marks Fidelity’s largest weekly Ethereum purchase in nearly two months.

Arkham Intelligence released blockchain data that tracked the recent acquisition. The data showed that Fidelity accumulated Ethereum tokens across several sessions. The firm completed purchases valued at approximately $28.6 million over the past week.

The purchase represents the largest weekly Ethereum addition since late April. During that period, Ethereum ETFs faced steady outflows. Fidelity had reduced its buying activity as demand slowed across trading sessions.

Fidelity Ethereum ETF Activity Rebounds

Arkham Intelligence stated that the recent transactions lifted Fidelity’s weekly total. The firm had not recorded a purchase of this size since April. The data provider confirmed that the earlier accumulation followed a market downturn.

The Ethereum ETF market recorded limited capital intake over recent sessions. Most funds posted low daily inflows or small withdrawals. Fidelity also reflected that trend and reported restrained activity before this week.

However, the latest purchase increased Fidelity’s Ethereum holdings within its ETF structure. The firm executed the buys over several days. Arkham Intelligence shared the figures through its on-chain tracking dashboard.

The dashboard recorded wallet movements tied to Fidelity’s ETF operations. The data indicated that the firm moved Ethereum tokens into custody addresses. The value of the transfers reached about $28.6 million.

Ethereum ETF Market Sees Fresh Allocation

All spot Ethereum ETFs have reported weak weekly flows. Data showed that several funds posted limited new capital. Daily sessions reflected mixed performance across issuers.

Fidelity’s recent allocation stands out within that context. The firm had slowed purchases during previous weeks. The current activity reflects a larger weekly intake compared to recent records.

The broader Ethereum ETF segment has recorded withdrawals in recent sessions. Most funds reported either flat or negative daily flow data. Fidelity had followed that pattern before the latest acquisition.

Arkham Intelligence confirmed that this week’s purchase exceeded Fidelity’s previous weekly totals since April. The data provider stated, “Fidelity acquired roughly $28.6 million in ETH over the last week.” The statement referenced blockchain transaction records tied to ETF wallets.

The firm executed the purchases during a period of restrained ETF trading activity. Although the weekly amount remains modest compared to earlier peaks, it represents the largest addition since April. Arkham’s latest figures remain the most recent publicly available data on Fidelity’s Ethereum holdings.

The post Fidelity Acquires $28.6M in Ethereum After Slow Weeks appeared first on CoinCentral.