“Backed by an industry leading custody solution from Fidelity Clearing Canada, FETH and Fidelity Advantage Ether ETF Fund™ offer more secure and regulated options for investors to gain exposure to ether,” said Kelly Creelman, Senior Vice President, Products and Marketing, Fidelity Investments Canada ULC.
With the ticker symbols FETH (Canadian dollar version) and FETH.U (U.S. dollar version), the Fidelity Advantage Ether ETF started trading on the Toronto Stock Exchange (U.S. dollar version).
The Fidelity ether ETF – and by extension, the ether ETF fund – accesses ether through Fidelity Clearing, which in turn makes use of Fidelity’s chosen trading platforms. The physical ether owned by the fund is stored using an institutional-grade custodial model, allowing the ETF to access secure trading and custody of digital assets.
The new ether funds are eligible for tax-advantaged registered accounts, just like all Fidelity ETFs and their equivalent mutual fund versions.
