Fidelity’s tokenized money market fund on Ethereum has quietly surpassed the $250 million mark, while ETH itself is defending a new breakout above $3,000. The inflows into the fund and the bullish structure on the chart, taken together, highlight how capital and price action are currently working together on the same chain.
Fidelity Tokenized Ethereum Fund surpasses $250 million in total assets under management
Fidelity's tokenized money market According to cryptocurrency trader Cryptoland, funds built on Ethereum have more than $250 million in assets under management (AUM). Trader Rand said in a post on X that the fund crossed the $250 million mark in November 2025. The chart shows flatness through September. After that, AUM will skyrocket. After that, the total rose in a steady staircase, reaching more than $250 million in late November.
The fund was established in early 2025 as part of Fidelity's push into on-chain financial products. This allows investors to see yields in the money market while their payment and ownership records are stored on Ethereum. This structure replaces off-chain transfer steps with direct updates between wallets on a shared ledger. As a result, AUM reporting tracks tokenized positions rather than traditional omnibus accounts.
The light green trend on the chart indicates continued inflows since September. The first jump will increase AUM from $0 to approximately $200 million. Then, a phased increase will bring the total to nearly $225 million by early November. Eventually, the fund would grow again, reaching more than $250 million by the end of the month. Rand also pointed out that the tokenization of RWA (real world assets) is a growth driver, with the surge in assets under management coupled with widespread on-chain demand for yield-producing products.
Ethereum hosts several tokenized funds, and this milestone highlights how regulated asset managers are putting money into yield products that implement financial primitives within code. Ethereum, on the other hand, remains the base layer used for asset state updates, wallet settlements, and composable collateral logic, and is at the heart of the current expansion of tokenized money markets.
Ethereum forms a bullish breakout/retest pattern, analysts say
Chart analyst James Bull said on X that Ethereum (ETH) is following a textbook bullish structure. His 4-hour TradingView chart shows ETH breaking out of the downtrend, pulling back toward the previous resistance line, and holding as support near $3,000.
Ethereum bullish breakout retest setup on 4-hour chart. sauce: james bull 1234
Based on that base, the bull maps an uptrend line with higher lows and higher expected highs. Two yellow circles indicate an expected retest of the trendline, followed by an arrow pointing toward the mid-$3,000 area, outlining a possible continuation of the move if support continues to hold.
