Fidelity Ethereum Fund (FETH) continuously offers Shares in 25,000-Share Baskets to Authorized Participants; 0.25% annual fee plus 15% of staking rewards

Filed August 21, 2026 · ~3 min read

Key Changes

• high

  The Trust stakes substantially all ether holdings to generate rewards, retaining 85% after a 15% staking fee. Staked ether becomes illiquid during activation/exit periods; the Sponsor may extend redemption settlement or fulfill redemptions in cash if unstaked reserves are insufficient.

  Prospectus Summary verify on EDGAR →
• high

  Staked ether can be permanently lost through slashing penalties if validators misbehave. The Trust's assets have no FDIC or SIPC protection, and Custodians' liability for Node Operator actions is limited with potentially insufficient insurance coverage.

  Prospectus Summary verify on EDGAR →
• medium

  The Trust will permanently abandon any digital assets from Ethereum network forks or airdrops. Shareholders will not receive these potentially valuable assets; changing this policy would require regulatory approvals and exchange rule amendments.

  Prospectus Summary verify on EDGAR →