Fidelity Doubles Down on Ethereum With $140 Million Purchase
News By Caroline Amosun Mon, 30/03/2026 - 15:14 Fidelity makes a huge Ethereum purchase worth about $140 million, but a higher Ethereum sell-off from BlackRock offsets the purchase, causing Ethereum ETFs to post notable weekly outflows. Advertisement
- BlackRock interrupts with $285 million Ethereum sale
- Ethereum set to break six-month negative returns
The past week might not have been entirely negative for all Ethereum funds as recent data from Arkham shows that Fidelity Investments has purchased Ethereum worth over $140 million.
The massive Ethereum purchase has come after a week of positive performance from its ETF product despite the overall withdrawals seen across the ETH ETF market.
BlackRock interrupts with $285 million Ethereum sale
While the broader crypto market has continued to face mixed investor sentiment, the ETF market has been majorly impacted by the fading momentum.
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AdvertisementFIDELITY BOUGHT $140M ETH
— Arkham (@arkham) March 30, 2026
BUT BLACKROCK SOLD $285 MILLION
Total ETH ETF Flow: -$200M pic.twitter.com/jafnAWBD9b
While the data further showed that BlackRock moved in the opposite direction, selling off over $285 million worth of ETF, it appears that BlackRock had outweighed Fidelity’s fresh capital intake with higher withdrawals.
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As such, the combined Ethereum ETFs saw $206.4 million leave the market over the same period, signaling continued institutional caution as uncertainties continue to grow even across the broader crypto market.
Ethereum set to break six-month negative returns
Apart from the BlackRock Ethereum sale, the asset has continued to see increased selling pressure from both retail and institutional holders, driving a prolonged period of volatility and weak price moves.
,However, this month has proved a bit positive for Ethereum with its price showing stronger performance than previous months, according to data from CryptoRank.
After recording steady monthly declines for the past six consecutive months, the leading cryptocurrency is on track to break the negative trend, as it currently posts a decent gain of 5.64% in March.
#Ethereum #Fidelity #spot Ethereum ETF #BlackRock- BlackRock interrupts with $285 million Ethereum sale
- Ethereum set to break six-month negative returns
