Introducing the Fidelity^® Ethereum Fund (FETH) (2024)

FAQs

What is the difference between ETH and Feth? ›

Ether (and sometimes ETH) is the network's native token. Ether can be used as a method to pay for transactions on the Ethereum network (“on-chain transactions”); as an investment; as an aspiring payment method; or for trading on crypto exchanges. Fidelity Ethereum Fund (FETH) is a spot Ethereum ETP.

With Fidelity Crypto, we prioritize the safety and security of your assets and personal information. We also prioritize crypto education, giving you resources and tools to grow your crypto confidence. Everything is done in house, which is not true for all crypto custodians or exchanges.

The Fidelity^® Wise Origin^® Bitcoin Fund (FBTC) is an exchange-traded product that seeks to track the performance of bitcoin.

ETH is used to pay for transactions on the Ethereum blockchain. For example, swapping between cryptoassets on an Ethereum-based DEX will cost some small amount of ETH. The two main differences between WETH and ETH is that WETH cannot be used to pay for transactions and ETH is not an ERC-20 token.

They each have unique functions and are designed for different purposes within the ecosystem. ERC-20 assets can be stored in most ETH wallets and sent to any Ethereum wallet address. They symbolize association with any fungible asset and are established on the Ethereum Network using smart contracts.

Typically, any expense ratio higher than one percent is high and should be avoided. Over an investing career, a low expense ratio could easily save you tens of thousands of dollars, if not more. And that's real money for you and your retirement.

50% of your net income should go towards living expenses and essentials (Needs), 20% of your net income should go towards debt reduction and savings (Debt Reduction and Savings), and 30% of your net income should go towards discretionary spending (Wants).

The 28/36 rule for housing expenses essentially states that you should spend no more than 28% of your gross monthly income on housing payments (like rent or mortgage payments) and no more than 36% of your gross income on total debt. Total debt would include payments such as those toward credit cards or personal loans.

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With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible.

Is Fidelity safe from hackers? ›

We employ the most sophisticated technologies and best practices available to make sure your sensitive information and accounts are well protected online, over the phone, and in person.

Fidelity® Ethereum Fund's underlying ether is custodied by Fidelity Digital Assets^SM, an established custody provider chartered by the New York Department of Financial Services (NYDFS) since 2019.

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Buy and sell crypto like bitcoin and ethereum, starting with as little as $1. Trade crypto 7 days a week—23 hours a day—on our website and mobile app.

So 1 share of FBTC is 40.88 / 46,250 = 0.0008839 BTC. You need 46,250 / 40.88 = 1131 shares of FBTC to own 1 BTC.

The answer to the question of which cryptocurrency is better in the choice between Bitcoin vs. Ethereum, it depends entirely on your requirements. While Bitcoin works better as a peer-to-peer transaction system, Ethereum works well when you need to create and build distributed applications and smart contracts.

The fETH token, or Fractional ETH, is a decentralized, low-volatility, Ethereum-native, and “floating stablecoin”.

Ethereum is a blockchain and distributed platform that allows anyone to create blockchain-based applications. Ether (ETH) is the native cryptocurrency of the Ethereum platform. As of May 2024, Ether (ETH) is the world's second-largest cryptocurrency, with a market cap of about $380 billion.

Ethereum features a platform that allows prior transactions to be altered and adjusted. However, Ethereum Classic uses the original Ethereum system that encouraged immutability, a process where users cannot alter transactions in the blockchain's history.