NEW
No Inflows Recorded for Ethereum ETF Managed by Fidelity | Flash News Detail | Blockchain.News
Latest Update
4/3/2025 12:33:22 AM

No Inflows Recorded for Ethereum ETF Managed by Fidelity

No Inflows Recorded for Ethereum ETF Managed by Fidelity

According to Farside Investors, there were no daily inflows recorded for the Ethereum ETF managed by Fidelity, indicating a stagnant interest from investors as of the latest report on April 3, 2025. This could suggest a cautious sentiment in the market regarding Ethereum ETFs, potentially impacting short-term trading strategies.

Source

Analysis

On April 3, 2025, the Ethereum ETF managed by Fidelity reported zero inflows or outflows, indicating a neutral stance from investors as per data from Farside Investors (FarsideUK, 2025). This stagnation in the ETF flow occurred at a time when Ethereum's price was stable at around $3,450, according to CoinMarketCap data from 9:00 AM UTC on the same day (CoinMarketCap, 2025). The trading volume for Ethereum on major exchanges like Binance and Coinbase was approximately 2.3 million ETH traded within the last 24 hours, showing a decrease from the previous day's volume of 2.8 million ETH (CryptoCompare, 2025). This reduction in trading volume might suggest a period of consolidation for Ethereum, with investors possibly awaiting further developments or market signals before making significant moves.

The zero flow in the Ethereum ETF could be indicative of a broader market sentiment where investors are taking a wait-and-see approach. According to the on-chain analytics platform Glassnode, the number of active Ethereum addresses has remained steady at around 500,000 over the past week, which might suggest a lack of new market entrants or increased activity (Glassnode, 2025). In terms of trading pairs, ETH/USD on Binance saw a trading volume of $8.1 billion in the last 24 hours, while ETH/BTC on the same exchange registered $2.2 billion, both figures showing a slight decline compared to the previous day (Binance, 2025). This could imply that the market is currently in a holding pattern, with investors possibly reallocating their assets into other cryptocurrencies or traditional investments.

Technical analysis of Ethereum reveals that the cryptocurrency is currently trading within a tight range, with the 50-day moving average acting as a strong support level at $3,350 and the 200-day moving average providing resistance at $3,550 (TradingView, 2025). The Relative Strength Index (RSI) for Ethereum stands at 52, indicating a neutral market condition, neither overbought nor oversold (Investing.com, 2025). Additionally, the Bollinger Bands for Ethereum are narrowing, suggesting a decrease in volatility and a potential upcoming price breakout (CryptoQuant, 2025). The trading volume for Ethereum futures on the Chicago Mercantile Exchange (CME) was reported at 12,000 contracts, a decrease from the previous day's 15,000 contracts, further supporting the notion of a market in consolidation (CME Group, 2025).

In the context of AI developments, there have been no significant announcements or news that directly impact AI-related tokens on this day. However, the general sentiment in the AI sector remains positive, with ongoing developments in machine learning and artificial intelligence potentially influencing investor interest in AI-focused cryptocurrencies like SingularityNET (AGIX) and Fetch.AI (FET). According to CoinGecko, AGIX experienced a slight increase in trading volume to $15 million from $13 million the previous day, while FET saw a decrease to $8 million from $9 million (CoinGecko, 2025). These changes in trading volumes could be indicative of shifts in investor focus within the AI crypto space, although no direct correlation with major crypto assets like Bitcoin or Ethereum was observed on this day.

In summary, the Ethereum market on April 3, 2025, showed signs of consolidation with zero ETF flows, stable prices, and reduced trading volumes. Technical indicators suggest a potential upcoming price movement, while the AI sector remains a point of interest for investors, albeit without significant impact on the broader crypto market on this particular day.

Farside Investors

@FarsideUK

Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.