Every S-3 that Fidelity Ethereum Fund (FETH) has filed with the SEC in the last 12 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 S-3 covers the shelf registration that lets an established company sell over time, 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 (FETH) is a Delaware grantor trust and exchange‑traded product that continuously offers Shares of beneficial interest designed to track the U.S. dollar value of ether using the Fidelity Ethereum Reference Rate, adjusted for expenses and liabilities, plus an amount based on ether staking rewards. Shares trade on Cboe BZX under ticker “FETH” and are issued and redeemed only in Baskets of 25,000 Shares, for ether or cash, through Authorized Participants.
The Trust intends under normal circumstances to stake up to 100% of its ether with node operators via institutional custodians (Anchorage Digital, BitGo, and Fidelity Digital Assets), retaining 85% of staking rewards after a flat 15% Staking Fee and paying a unified Sponsor Fee of 0.25% of Ether Holdings. Staking introduces liquidity constraints and potential “slashing” losses, and the Sponsor may extend redemption settlement or use cash redemptions and other tools to manage liquidity. The Trust is not registered under the Investment Company Act, is not a commodity pool, and its assets and staking positions are not protected by FDIC or SIPC insurance. Investors bear ether price volatility, operational, regulatory, and staking risks and could lose their entire investment.
Fidelity Ethereum Fund is a Delaware statutory trust that issues exchange-traded Shares designed to track the performance of ether using the Fidelity Ethereum Reference Rate, adjusted for expenses and liabilities, plus an amount based on ether staking rewards. The Shares trade on Cboe BZX under the symbol FETH in a continuous offering, with creations and redemptions occurring only in Baskets of 25,000 Shares for ether or cash via Authorized Participants.
The Sponsor, FD Funds Management LLC, stakes, or causes to be staked, substantially all of the Trust’s ether with selected Node Operators through institutional Custodians, potentially up to 100% of holdings in normal conditions, to earn staking rewards. The Trust distributes staking rewards in cash, generally on a quarterly basis, after converting ether to U.S. dollars and deducting expenses and a 15% Staking Fee (the Trust retains 85%). Investors pay a unified Sponsor Fee of 0.25% per year on Ether Holdings; the Sponsor covers ordinary operating costs, while Extraordinary Expenses are borne by the Trust.
The Trust is not registered under the Investment Company Act of 1940, is not a commodity pool, and Shareholders do not receive protections from the 1940 Act, the Advisers Act, the CEA, FDIC or SIPC. The prospectus highlights significant risks tied to ether price volatility, staking (including slashing and liquidity constraints when unstaking), custody and private-key security, potential deviations between NAV and market price, and regulatory and technological uncertainties affecting ether and the Ethereum network.
Fidelity Ethereum Fund is a Delaware statutory trust that issues exchange-traded Shares designed to provide exposure to the price of ether (ETH), as measured by the Fidelity Ethereum Reference Rate, plus an amount based on ether staking rewards, reduced by expenses and liabilities. Shares trade on Cboe BZX under the ticker FETH and are created and redeemed in Baskets of 25,000 Shares, in ether or cash, through Authorized Participants.
The Trust intends, under normal circumstances, to stake up to 100% of its ether through custodians and node operators, subject to liquidity reserves, and receives staking rewards of which 85% are retained after a 15% staking fee. The Sponsor earns a unified annual fee of 0.25% of Ether Holdings and pays most ordinary expenses; certain extraordinary costs are borne by the Trust. The Trust is not registered under the Investment Company Act of 1940, is not a commodity pool, and investors do not receive protections of the 1940 Act, CFTC regulation, FDIC insurance, or SIPC coverage. The prospectus highlights substantial risks from ether’s extreme price volatility, staking-related risks including slashing and liquidity constraints, operational and custody risks, and the possibility of a total loss of investment.
Fidelity® Ethereum Fund files a preliminary prospectus to register an indeterminate, continuous offering of its Shares (ticker: FETH) for listing on the Cboe BZX Exchange. The Trust seeks to track ether via the Fidelity Ethereum Reference Rate and to add staking-based amounts to the Trust’s net return.
The Sponsor intends to stake up to 100% of the Trust’s ether (with no minimum), receive staking rewards net of a 15% staking fee, and pay a 0.25% unified Sponsor Fee on Ether Holdings. Shares are created and redeemed in Baskets of 25,000 Shares; distributions of staking proceeds are expected to be made quarterly. The Trust will custody ether with multiple custodians and may use liquidity measures (cash redemptions, temporary settlement extensions, credit facilities, or LSTs if permitted) to manage staking-related illiquidity.