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Ethereum spot ETF has been continuously outflowing in recent days, with a net outflow of $9.63 million yesterday (December 29, Eastern US time), marking the 4th consecutive day of negative flow. However, Fidelity's FETH is defying the trend with a net inflow of $3.65 million in a single day. Since its launch, this fund has accumulated a total net inflow of $2.645 billion, indicating a strong willingness among institutions to buy the dip. While the overall spot ETF is bleeding, a closer look at the actions of various firms shows some differentiation.