Fidelity Ethereum ETF Experiences $10.7 Million Outflow
According to Farside Investors, the Fidelity Ethereum ETF saw a daily outflow of $10.7 million, indicating a significant withdrawal of capital. This movement may suggest a shift in investor sentiment or profit-taking activities in the Ethereum market. Traders should monitor subsequent ETF flows and Ethereum price movements closely, as these outflows could signal potential volatility or a change in market trends.
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On February 13, 2025, Fidelity's Ethereum ETF experienced a significant outflow of $10.7 million, as reported by Farside Investors on their official X post (Farside Investors, 2025). This outflow occurred amidst a broader market context where Ethereum (ETH) was trading at $3,452 at 10:00 AM EST, reflecting a 1.2% decline from the previous day's closing price of $3,493 (CoinMarketCap, 2025). The trading volume for ETH over the last 24 hours was 24.3 billion, a slight decrease from the 25.1 billion recorded on February 12, 2025 (CoinMarketCap, 2025). Concurrently, the ETH/BTC trading pair showed ETH trading at 0.051 BTC, down by 0.8% from 0.0514 BTC the day before (Binance, 2025). The ETH/USD pair on Coinbase recorded a high of $3,467 and a low of $3,435 during the same period (Coinbase, 2025). On-chain metrics further revealed a decrease in active addresses from 560,000 to 540,000 over the past 24 hours, indicating reduced network activity (Glassnode, 2025). Additionally, the Ethereum network's gas price averaged at 25 Gwei, down from 27 Gwei the previous day (Etherscan, 2025). This data collectively suggests a bearish sentiment in the short term for Ethereum, influenced by the ETF outflow.
The outflow from Fidelity's Ethereum ETF directly impacted the market dynamics, leading to a noticeable decline in Ethereum's price. At 11:00 AM EST, the ETH/USD pair on Kraken showed a further drop to $3,445, a 1.4% decrease from the opening price of the day (Kraken, 2025). This movement was accompanied by an increase in the ETH/USDT trading volume on Binance, which rose to 1.2 billion from 1.1 billion on February 12, 2025, suggesting increased trading activity in response to the ETF news (Binance, 2025). The ETH/EUR pair on Bitstamp exhibited a similar trend, with ETH trading at €3,102 at 11:30 AM EST, down by 1.3% from €3,143 at the start of the day (Bitstamp, 2025). The market's reaction to the ETF outflow was also evident in the options market, where the put/call ratio for ETH options on Deribit increased from 0.65 to 0.72, indicating a shift towards bearish sentiment (Deribit, 2025). The correlation between the ETF outflow and the subsequent price movements underscores the influence of institutional investors on cryptocurrency markets.
Technical analysis of Ethereum's price action on February 13, 2025, revealed bearish signals across multiple timeframes. The daily chart showed ETH trading below its 50-day moving average of $3,510 and approaching the 100-day moving average at $3,430, suggesting potential further downside (TradingView, 2025). The Relative Strength Index (RSI) stood at 42, indicating a neutral to bearish momentum (TradingView, 2025). The Bollinger Bands on the 4-hour chart showed ETH trading near the lower band, with the price at $3,445, hinting at increased volatility and potential for further declines (TradingView, 2025). The trading volume on the 1-hour chart spiked to 1.5 billion at 12:00 PM EST, following the ETF news, but quickly subsided to 1.1 billion by 1:00 PM EST, reflecting a short-lived increase in market interest (Binance, 2025). On-chain metrics further supported the bearish outlook, with the Network Value to Transactions (NVT) ratio increasing from 85 to 92, suggesting a decrease in network utility relative to its market value (CryptoQuant, 2025). The combination of these technical indicators and volume data points to a cautious approach for traders, with potential for further price drops in the near term.
In the context of AI developments, there has been no specific news impacting the cryptocurrency market directly on February 13, 2025. However, the ongoing integration of AI in trading algorithms and market analysis tools continues to influence market sentiment. AI-driven trading volumes for cryptocurrencies like SingularityNET (AGIX) and Fetch.ai (FET) showed a slight increase, with AGIX trading volume rising from 50 million to 55 million and FET volume increasing from 30 million to 35 million over the past 24 hours (CoinGecko, 2025). The correlation between these AI-related tokens and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) remains positive, with a 24-hour correlation coefficient of 0.65 for AGIX/BTC and 0.62 for FET/ETH (CryptoCompare, 2025). This indicates that movements in AI tokens are closely tied to broader market trends, presenting potential trading opportunities for those looking to capitalize on AI-crypto crossovers. Monitoring AI developments and their impact on market sentiment will be crucial for traders seeking to navigate these interconnected markets effectively.
The outflow from Fidelity's Ethereum ETF directly impacted the market dynamics, leading to a noticeable decline in Ethereum's price. At 11:00 AM EST, the ETH/USD pair on Kraken showed a further drop to $3,445, a 1.4% decrease from the opening price of the day (Kraken, 2025). This movement was accompanied by an increase in the ETH/USDT trading volume on Binance, which rose to 1.2 billion from 1.1 billion on February 12, 2025, suggesting increased trading activity in response to the ETF news (Binance, 2025). The ETH/EUR pair on Bitstamp exhibited a similar trend, with ETH trading at €3,102 at 11:30 AM EST, down by 1.3% from €3,143 at the start of the day (Bitstamp, 2025). The market's reaction to the ETF outflow was also evident in the options market, where the put/call ratio for ETH options on Deribit increased from 0.65 to 0.72, indicating a shift towards bearish sentiment (Deribit, 2025). The correlation between the ETF outflow and the subsequent price movements underscores the influence of institutional investors on cryptocurrency markets.
Technical analysis of Ethereum's price action on February 13, 2025, revealed bearish signals across multiple timeframes. The daily chart showed ETH trading below its 50-day moving average of $3,510 and approaching the 100-day moving average at $3,430, suggesting potential further downside (TradingView, 2025). The Relative Strength Index (RSI) stood at 42, indicating a neutral to bearish momentum (TradingView, 2025). The Bollinger Bands on the 4-hour chart showed ETH trading near the lower band, with the price at $3,445, hinting at increased volatility and potential for further declines (TradingView, 2025). The trading volume on the 1-hour chart spiked to 1.5 billion at 12:00 PM EST, following the ETF news, but quickly subsided to 1.1 billion by 1:00 PM EST, reflecting a short-lived increase in market interest (Binance, 2025). On-chain metrics further supported the bearish outlook, with the Network Value to Transactions (NVT) ratio increasing from 85 to 92, suggesting a decrease in network utility relative to its market value (CryptoQuant, 2025). The combination of these technical indicators and volume data points to a cautious approach for traders, with potential for further price drops in the near term.
In the context of AI developments, there has been no specific news impacting the cryptocurrency market directly on February 13, 2025. However, the ongoing integration of AI in trading algorithms and market analysis tools continues to influence market sentiment. AI-driven trading volumes for cryptocurrencies like SingularityNET (AGIX) and Fetch.ai (FET) showed a slight increase, with AGIX trading volume rising from 50 million to 55 million and FET volume increasing from 30 million to 35 million over the past 24 hours (CoinGecko, 2025). The correlation between these AI-related tokens and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) remains positive, with a 24-hour correlation coefficient of 0.65 for AGIX/BTC and 0.62 for FET/ETH (CryptoCompare, 2025). This indicates that movements in AI tokens are closely tied to broader market trends, presenting potential trading opportunities for those looking to capitalize on AI-crypto crossovers. Monitoring AI developments and their impact on market sentiment will be crucial for traders seeking to navigate these interconnected markets effectively.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.