Every 10-Q that Fidelity Ethereum Fund (FETH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FETH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FETH filings page.
Fidelity Ethereum Fund seeks to track the price of ether via the Fidelity Ethereum Reference Rate. For the six months ended June 30, 2026, net assets fell from $2.21 billion to $758.6 million, driven by both ether price declines and net share redemptions.
NAV per share dropped from $29.64 at December 31, 2025 to $15.87, a total return at NAV of (46.46)%, while market price total return was (46.84)%. Ether in custody declined from 743,795 to 476,311 units as 46,075,000 shares were created and 72,825,000 redeemed. Over the period, the principal‑market ether price fell 46.39%, from $2,971.55 to $1,593.01.
The fund recorded a $917.5 million net decrease in net assets from operations, including $404.0 million of realized losses on ether sold for redemptions and $537.6 million of unrealized depreciation. The unified 0.25% Sponsor Fee remained low, and management reported effective disclosure controls with no material changes in internal control or new legal proceedings.
Fidelity Ethereum Fund reported significantly lower net assets and NAV for the quarter ended March 31, 2026, reflecting a sharp decline in ether prices and net redemptions. Net assets fell to $1.21 billion from $2.21 billion at December 31, 2025, as ether holdings decreased from 743,795 to 576,821.
NAV per share declined from $29.64 to $20.95, a total return at NAV of -29.31%. The Trust recorded a net decrease in net assets from operations of about $662 million, driven by approximately $407 million of unrealized depreciation and a $277 million realized loss on ether sold for redemptions. Ether’s principal market price dropped 29.27%, from $2,971.55 to $2,101.84, consistent with the fund’s objective of passively tracking ether.
Fidelity Ethereum Fund reported a larger, higher‑NAV portfolio tied to ether for the quarter ended September 30, 2025. Total net assets were $3,154,185,000, up from $1,572,626,000 at December 31, 2024, with NAV per share at $41.23.
The Trust held 763,730 ether at fair value of $3,154,847,000, categorized as Level 1 under fair value hierarchy. Shares outstanding were 76,500,000. For Q3 2025, net increase in net assets resulting from operations was $872,969,000, driven mainly by $972,133,000 in unrealized appreciation, partially offset by realized losses tied to redemption activity. Over the nine months, operations added $454,831,000.
Primary flows reflected active primary market activity: Q3 creations of 67,750,000 shares and redemptions of 41,175,000 shares. The 0.25% Sponsor Fee was in effect in 2025, with Q3 expenses of $1,788,000. The Index price and principal market measures closely tracked ether’s move, with NAV per share derived from the Index methodology at the close.