According to the source, a post claims Fidelity’s spot Ethereum ETF bought 48,850 ETH worth $202.2M on Sept. 29, but this figure must be confirmed via Fidelity Investments’ official daily holdings disclosures and SEC EDGAR filings before trading decisions; source: Fidelity Investments; U.S. SEC EDGAR. Spot ETH ETFs publish daily portfolio holdings and primary creations require acquiring equivalent ETH, so a verified increase of this size would imply significant on-chain or OTC purchases by the fund’s custodian; source: Fidelity Ethereum ETF prospectus; U.S. SEC Rule 6c‑11. If confirmed, traders should monitor ETH spot price, CME ETH futures basis and funding, and exchange/on-chain netflows for confirmation of buy-side liquidity; source: CME Group education on futures basis and funding; Glassnode metrics documentation. Until official confirmation is posted by the issuer or listing exchange (daily holdings PDF, basket file), treat the claim as unverified and avoid front-running; source: Fidelity Investments ETF holdings page; Cboe BZX or NYSE Arca issuer materials.