A leading global financial giant, Fidelity, recently transferred large volumes of Ethereum to its Ethereum Exchange-Traded Fund (ETF), known as FETH, through its platforms Cumberland and Coinbase. The specific amount transferred was 20,500 Ethereum, which, at the current market rate, is approximately worth $70,850,000. This operation increased Fidelity's total Ethereum holdings to 126,649 units, with a total value of approximately $433,680,000. This action not only reflects Fidelity's continued optimism about Ethereum and its ecosystem, but also highlights the traditional financial institution's deep exploration and participation in the cryptocurrency market.