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Fidelity buys $28.6 million of ethereum last week, biggest in two months

Asset manager Fidelity bought about $28.6 million worth of ethereum last week, marking its biggest weekly purchase in two months. The move drew attention as the spot ethereum exchange-traded fund market has remained weak, with pressure from outflows and little new money entering most funds. Market participants are watching whether the buying is a one-off trade or an early sign of institutional money returning to ethereum.