Fidelity Investments® Launches Spot Ether Exchange-Traded Product, Fidelity® Ethereum Fund (FETH) (2024)

BOSTON,July 23,2024 FidelityInvestments® today launchedtheFidelity®EthereumFund (FETH), one of the industry’s first spot exchange-traded products (ETPs) that seeks to track the performance of ether. This follows the January 2024 launch of the Fidelity Wise Origin® Bitcoin fund (FBTC),building on the portfolio of digital asset products and solutions that Fidelity offers financial advisors and individual investors through its online platforms.

Fidelity® Ethereum Fund’s underlying ether is custodied by Fidelity Digital AssetsSM, an established custody provider chartered by the New York Department of Financial Services (NYDFS) since 2019. Fidelity Digital AssetsSM delivers institutional-grade security, built upon more than a decade of research and development in the digital assets space. Fidelity is currently the only digital assets ETP issuer with the capability to custody its own product’s underlying assets.

"We drew on over a decade of experience in digital assets to deliver a spot ether exchange-traded product that enables investors to gain exposure to ether through thoughtful index and product design supported by a dedicated operations and trading team and industry-leading security. This is exemplary of Fidelity's rich history and commitment to meeting the evolving needs of our customers," said Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments.

"Since its launch in January of this year, we have seen incredible engagement with our spot bitcoin exchange-traded product, which is a testament to the market readiness and customer demand for more products that provide new access points to digital assets."

Consistent with Fidelity’s commitment to providing exceptional value for investors, FETH is competitively priced with an expense ratio of 25 basis points, which will be waived until January 1, 2025.

To learn more about Fidelity® Ethereum Fund, see the fund’s prospectus.

# # #

Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, an offering circular, or, if available, a summary prospectus containing this information. Read it carefully. (FBTC Prospectus | FETH Prospectus).

Spot crypto ETPs (FBTC and FETH) are for investors with a high risk tolerance. FBTC and FETH are each concentrated in a single cryptocurrency—bitcoin and ether, respectively— which are both highly volatile and can become illiquid at any time.

Spot crypto ETPS, such as FBTC and FETH, are not investment companies registered under the Investment Company Act of 1940 (the “1940 Act”) nor are they commodity pools under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of spot crypto ETPs do not have the protections associated with ownership of shares in a registered investment company nor are shareholders afforded the protections of investing in an CEA-regulated instrument or commodity pool.

Digital assets are highly volatile, and their market movements are very difficult to predict. Various market forces may impact their value including, but not limited to, supply and demand, investors’ faith and their willingness to purchase it using traditional currencies, investors’ expectations with respect to the rate of inflation, interest rates, currency exchange rates, an evolving legislative and regulatory environment in the U.S. and abroad, and other economic trends. Investors also face other risks, including significant and negative price swings, flash crashes, and fraud and cybersecurity risks. Digital assets may also be more susceptible to market manipulation than securities.

The performance of each fund or funds will not reflect the specific return an investor would realize if the investor actually purchased cryptocurrency. Investors in either fund will not have any rights that cryptocurrency holders have and will not have the right to receive any redemption proceeds in the underlying cryptocurrency.

Information provided in, and presentation of, this document are for informational and educational purposes only and are not a recommendation to take any particular action, or any action at all, nor an offer or solicitation to buy or sell any securities or services presented. It is not investment advice. Fidelity does not provide legal or tax advice.

Before making any investment decisions, you should consult with your own professional advisers and take into account all of the particular facts and circ*mstances of your individual situation. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in these materials because they have a financial interest in them, and receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services.

Third party trademarks and service marks appearing herein are property of their respective owners.

“Fidelity Investments” and/or “Fidelity” refers collectively to FMR LLC, a U.S. company, and its subsidiaries, including but not limited to Fidelity Management & Research Company LLC (FMR).

Custody of digital assets is provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897).

Fidelity Digital Assets is a service mark of FMR LLC.

Fidelity Brokerage Services LLC, Member NYSE, SIPC,

900 Salem Street, Smithfield, RI 02917

National Financial Services LLC, Member NYSE, SIPC,

245 Summer Street, Boston, MA 02205

Fidelity Distributors Company LLC,

900 Salem Street, Smithfield, RI 02917

1157012.2.0

© 2024 FMR LLC. All rights reserved.

Fidelity Investments® Launches Spot Ether Exchange-Traded Product, Fidelity® Ethereum Fund (FETH) (2024)
Top Articles
Buy, Manage and Spend Gold, Silver and Crypto | Kinesis
How Do I Find a Financial Advisor?
Why Are Fuel Leaks A Problem Aceable
From Algeria to Uzbekistan-These Are the Top Baby Names Around the World
Hawkeye 2021 123Movies
27 Places With The Absolute Best Pizza In NYC
Vichatter Gifs
W303 Tarkov
Turning the System On or Off
TS-Optics ToupTek Color Astro Camera 2600CP Sony IMX571 Sensor D=28.3 mm-TS2600CP
Https://Store-Kronos.kohls.com/Wfc
Bitlife Tyrone's
Connect U Of M Dearborn
Yakimacraigslist
Spoilers: Impact 1000 Taping Results For 9/14/2023 - PWMania - Wrestling News
Dirt Removal in Burnet, TX ~ Instant Upfront Pricing
Sadie Proposal Ideas
Silive Obituary
Why Should We Hire You? - Professional Answers for 2024
Dover Nh Power Outage
Hyvee Workday
Mc Donald's Bruck - Fast-Food-Restaurant
Lisas Stamp Studio
Rimworld Prison Break
Mega Personal St Louis
Xfinity Outage Map Fredericksburg Va
PCM.daily - Discussion Forum: Classique du Grand Duché
Scheuren maar: Ford Sierra Cosworth naar de veiling
Apartments / Housing For Rent near Lake Placid, FL - craigslist
Rogue Lineage Uber Titles
Gs Dental Associates
Motorcycle Blue Book Value Honda
Inmate Search Disclaimer – Sheriff
Craigslist Albany Ny Garage Sales
Senior Houses For Sale Near Me
Blackstone Launchpad Ucf
Lacy Soto Mechanic
Thor Majestic 23A Floor Plan
Winta Zesu Net Worth
Leland Nc Craigslist
Sour OG is a chill recreational strain -- just have healthy snacks nearby (cannabis review)
Mynord
Xre 00251
Phone Store On 91St Brown Deer
Acuity Eye Group - La Quinta Photos
Slug Menace Rs3
Diamond Desires Nyc
Rétrospective 2023 : une année culturelle de renaissances et de mutations
Bones And All Showtimes Near Emagine Canton
Latest Posts
Article information

Author: Rev. Leonie Wyman

Last Updated:

Views: 5869

Rating: 4.9 / 5 (59 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Rev. Leonie Wyman

Birthday: 1993-07-01

Address: Suite 763 6272 Lang Bypass, New Xochitlport, VT 72704-3308

Phone: +22014484519944

Job: Banking Officer

Hobby: Sailing, Gaming, Basketball, Calligraphy, Mycology, Astronomy, Juggling

Introduction: My name is Rev. Leonie Wyman, I am a colorful, tasty, splendid, fair, witty, gorgeous, splendid person who loves writing and wants to share my knowledge and understanding with you.