Fidelity Ethereum Fund fund
Overview
The Fidelity Ethereum Fund (FETH) is a US spot ether exchange-traded product sponsored by Fidelity Investments that launched on 23 July 2024, among the first cohort of spot ETH ETFs approved in the United States. It holds ether directly and seeks to track the Fidelity Ethereum Reference Rate, less expenses. The fund's ether is held in custody by Fidelity Digital Assets, a New York State Department of Financial Services chartered trust company. FETH is one of the larger US spot ether ETPs by net assets.
Within the DeFi Intel graph, Fidelity Ethereum Fund connects to 10 tracked entities, most strongly to Ether (ETH), SEC, Fidelity.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 10 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Ether (ETH) | 95% |
regulated_by | SEC | 95% |
issued_by | Fidelity | 95% |
custodied_by | Fidelity Digital Assets | 95% |
custodies | Fidelity Digital Assets | 95% |
owns | Fidelity Investments | 95% |
custodied_by | Fidelity | 85% |
managed_by | Fidelity | 85% |
affects | SEC/CFTC joint release: staking rewards classified non-securities | 85% |
filed_for_change | Cboe BZX files to add staking to Fidelity FETH ETF | 85% |
Frequently asked questions
What is the Fidelity Ethereum Fund?
The Fidelity Ethereum Fund (FETH) is a US spot ether exchange-traded product sponsored by Fidelity Investments that launched on 23 July 2024, among the first cohort of spot ETH ETFs approved in the United States. It holds ether directly and seeks to track the Fidelity Ethereum Reference Rate, less expenses.
Who holds the ether for the Fidelity Ethereum Fund?
The fund's ether is held in custody by Fidelity Digital Assets, a New York State Department of Financial Services chartered trust company.
What regulatory change has been filed for the Fidelity Ethereum Fund?
Cboe BZX has filed to add staking to the Fidelity FETH ETF, and a joint SEC/CFTC release classified staking rewards as non-securities.