net income -$255.1M. Fidelity Ethereum Fund's net assets plunge 64% as ether slides 46% and investors redeem

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net assets fell from $2.2B to $0.8B in the first half of 2026, driven by a 46% drop in ether price and net redemptions of 26.75 million shares.

  MD&A: Net asset decline verify on EDGAR →
• high

  Net loss from operations more than doubled to -$255.1M, including $0.5B unrealized depreciation and $0.4B realized losses from selling ether to meet redemptions.

  MD&A: Operations verify on EDGAR →
• medium

  The Trust now permits in-kind transactions using ether, whereas previously only cash was allowed for basket creation and redemption.

  Notes: Capital share transactions verify on EDGAR →