Despite recent challenges in the crypto market, there’s been some positive news for Ethereum funds. Arkham data reveals that Fidelity Investments has bought over $140 million worth of Ethereum.
Ethereum saw a large purchase recently, following a week of good results for its ETF, even though most ETH ETFs experienced overall withdrawals.
BlackRock interrupts with $285 million Ethereum sale
Despite uncertainty in the overall cryptocurrency market, exchange-traded funds (ETFs) have been significantly affected by a recent slowdown in positive market activity.
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Fidelity’s significant purchase of Ethereum suggests growing interest in their Ethereum investment product. However, this investment wasn’t enough to push the Ethereum ETF market into positive territory last week.
FIDELITY BOUGHT $140M ETH
BUT BLACKROCK SOLD $285 MILLION
Total ETH ETF Flow: -$200M
— Arkham (@arkham) March 30, 2026
The data also revealed that BlackRock acted differently than Fidelity, selling over $285 million in ETFs. Overall, BlackRock experienced larger withdrawals of money than the new investments Fidelity received.
Over the same period, these Ethereum ETFs experienced outflows of $206.4 million, suggesting that institutions are still hesitant and cautious due to ongoing uncertainties in the crypto market as a whole.
Ethereum set to break six-month negative returns
Beyond the recent sale by BlackRock, Ethereum has experienced ongoing selling from both individual and larger investors. This has led to a sustained period of price instability and limited upward movement.
Ethereum has seen some positive movement this month, with its price performing better than it did in previous months, as reported by CryptoRank.
After six months of consistent drops, the most popular cryptocurrency is now showing signs of recovery, with a solid 5.64% increase in March.
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2026-03-30 18:28