Latest revenue
$-957.0K
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $1.11B
- Enterprise value
- $1.11B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $48.56
- 52-wk low
- $17.98
- Beta
- —
- Shares out
- 54.2M
5-year trend
What this company does
Fidelity Ethereum Fund is an exchange-traded product that holds ether and tracks its U.S. dollar price via Fidelity's proprietary reference rate. The trust generates returns for shareholders by passively holding ether through custodian Fidelity Digital Assets, while the sponsor earns a management fee on assets under management. Launched in July 2024, it gives brokerage investors spot ether exposure without staking the underlying tokens or using derivatives.
Generated from FETH's filing dated 2026-02-25
Key risks
- Single-asset exposure: Trust holds only ether, with no derivatives, hedging, or staking yield to offset ETH price declines.
- Custody concentration: 100% of ether held by affiliate Fidelity Digital Assets, N.A.; loss, hack, or insolvency could impair NAV.
- No staking policy forgoes ~3% annual ETH yield, creating structural underperformance versus competing products that may stake holdings.
Generated from FETH's filing dated 2026-02-25
Leverage
Debt / equity
0.00×
94.0%Debt / assets
0.1%
93.9%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $-957.0K | -43.7% | — | — | — |
Q4 2025 2025-12-31 | $-1.5M | — | — | — | — |
Q3 2025 2025-09-30 | $-1.8M | — | — | — | — |
Q2 2025 2025-06-30 | $-603.0K | — | — | — | — |
Q1 2025 2025-03-31 | $-666.0K | — | — | — | — |
Q3 2024 2024-09-30 | $0 | — | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Finance Services · SIC 6199
Your notes
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Insider activity
No insider transactions on file for FETH in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns FETH
No institutional holdings on file for FETH yet.
Source: SEC Form 13F-HR. Updated quarterly (45-day filing lag).
Top questions investors are asking
- 1
With the Trust explicitly not staking its ether, how do you justify the fee drag versus competitors who may pursue staking yield once approved?
- 2
Given FDA is a Sponsor affiliate serving as Custodian, what specific controls mitigate conflicts and what insurance covers ether loss or key compromise?
- 3
How concentrated are AP redemptions and creation Baskets, and what's your contingency if Cboe BZX halts trading or cash-creation mechanics break during ether volatility?
Refreshed when FETH files a new report · last from 2026-02-25