Fidelity ETF clients buy $29M in ETH this week, highest since April

Fidelity ETF clients invested $29M in ETH this week, marking the highest level since April and signaling increased investor confidence in Ethereum growth. Simultaneously, US CPI rose to 4.2%, reaching its highest point since April 2023. This inflation surge complicates Fed policy and rate decisions, leading to increased volatility across crypto markets and challenging traditional hedging strategies. These dual developments highlight contrasting trends in institutional asset adoption and macroeconomic instability within the financial sector.