Fidelity’s Tokenized Money-Market Fund Surges Past $250M as Ethereum Reclaims $3,000

• Fidelity’s tokenized fund surpassed $250M after steady inflows since September.
• On-chain demand for yield products supported the fund’s rapid AUM expansion.
• Ethereum reclaimed $3,000 as price momentum strengthened despite lower volume.

Fidelity’s tokenized money-market fund on Ethereum has reached a new move, crossing $250 million in assets under management while the network’s native token climbed back above the $3,000 level. 

The two developments point to rising activity across yield-based tokenized products and show capital flows expanding alongside renewed strength in Ethereum’s price action. Data shared by crypto trader Cryptorand indicates that the fund’s AUM moved steadily higher through the fall, coinciding with a renewed uptick in on-chain demand for short-term yield instruments.

The tokenized fund, launched earlier in 2025, is intended to provide exposure to money-market yields with positions recorded directly on Ethereum rather than in traditional omnibus accounts. According to Cryptorand, the fund’s AUM chart remained flat until early September.

It then registered a sudden increase, rising from zero to roughly $200 million in its first major jump. Subsequent movements formed a step-like pattern, lifting the total to about $225 million in early November. The fund continued to accumulate assets in the final weeks of the month, eventually surpassing $250 million before the end of November.

Throughout the buildup, the chart’s light green trend line signaled consistent inflows. Rand attributed the growth in part to rising interest in real-world-asset tokenization, noting that the fund’s expansion aligned with broader on-chain activity centered on yield-bearing instruments. 

The structure of the product enables settlement, ownership records, and reporting to occur through wallet-to-wallet updates on a shared ledger, reflecting the shift toward financial primitives that operate in code rather than through off-chain transfers.

ETH Breaks Through Resistance Amid Renewed Market Momentum

Ethereum itself recorded a recovery as the fund’s AUM climbed. After spending much of the previous day trading between $2,780 and $2,850, ETH accelerated upward shortly after midday on Monday. The move pushed the asset through several resistance zones and carried it toward a session high of $3,007.64, according to CoinMarketCap. The price gain marked a 9.91% increase over 24 hours, raising Ethereum’s market capitalization to approximately $363 billion.

Source: CoinMarketCap

Despite the advance, trading activity softened, with 24-hour volume slipping 9.39% to $26.9 billion. Ethereum’s circulating supply remains 120.69 million, with total supply unchanged.