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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
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Home›Stocks›FETH

FETH

Fidelity Ethereum Fund

Next earnings ≈ Aug 5, 2026 · est. from filing cadence

Sell
$16.94
▲ +4.70%
$16.94▼ -34.19%
over 1Y
L $15.52H $48.40
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.7%
1W+9.2%
1M-11.0%
3M-17.7%
YTD-45.6%
1Y-34.2%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
F
Valuation
Fair value
Filings
Watch
Sell
Conviction
Horizon
Medium (3–12mo)

Mixed signals in the latest filings.

Return on equity -19.1% · latest

Fidelity Ethereum Fund shows limited reported revenue, and -19.1% ROE.

On these fundamentals, FETH screens as SELL on the SEC figures.

Is FETH a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~60d expiry
  • Long put 17 @ ~3.02 est
  • Short put 15 @ ~1.96 est
debit $106max +$94max −$106BE 15.94

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY25
Revenue—
Gross profit—
Operating income—
Net income-$422M
Diluted EPS—
Net margin—

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-37.9%
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash$0.00

Capital returns

Buyback yield293.2%
Dividend yield (est.)—
Shareholder yield293.2%
Shares Δ YoY+50.9%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. S-3 Shelf registration (potential raise)2026-06-24
  2. 10-Q Quarterly report2026-05-06
  3. 10-K Annual report2026-02-25
  4. 8-K Officer / director change2026-02-05
  5. 10-Q Quarterly report2025-11-07
  6. 10-Q Quarterly report2025-08-08
  7. 8-K Charter / bylaws change2025-07-23
  8. 10-Q Quarterly report2025-05-09
  9. 10-K Annual report2025-03-14

Recent filings

all on EDGAR ↗
S-3Filing2026-06-24open ↗10-QPeriod ending 2026-03-312026-05-06open ↗424IFiling2026-03-26open ↗10-KPeriod ending 2025-12-312026-02-25open ↗8-KPeriod ending 2026-02-022026-02-05open ↗10-QPeriod ending 2025-09-302025-11-07open ↗10-QPeriod ending 2025-06-302025-08-08open ↗EFFECTFiling2025-07-31open ↗424B3Filing2025-07-31open ↗CORRESPFiling2025-07-31open ↗8-KPeriod ending 2025-07-212025-07-23open ↗CORRESPFiling2025-07-21open ↗

Quality score

F
ValueGrowthProfitHealthMom.
Value—
Growth—
ProfitabilityF
Financial healthC
MomentumF
  • ✗Profitable (positive net income)
  • ✗Return on equity above 15%
15.5252-week48.40
Revenue
—
Net margin
—
ROE
-19.1%
P/E
—

SEC fundamentals · FY 2025

Net income-$422M
Cash & equivalents$0.00
Total assets$2.21B+37.9%
Total liabilities$2.67M-91.6%
Stockholders' equity$2.21B+40.5%
L/E: 0.00x

Frequently asked

Is Fidelity Ethereum Fund (FETH) a buy?
FETH currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Mixed signals in the latest filings.
What is Fidelity Ethereum Fund's quality score?
FETH scores 35.68261371002406/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0002000046, latest 10-Q filed 2026-05-06) · EODHD · as of 7/5/2026, 7:06:33 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 5, 2026, 3:06 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Recent news

market news →
ETHA’s Spot Ethereum Promise Hides a Staking Yield It Cannot Pass Through to HoldersBullish
finance.yahoo.com· 2026-05-28
Jane Street is moving away from StrategyBullish
finance.yahoo.com· 2026-05-15
Charles Schwab Rolls Out Bitcoin, Ethereum Trading As ETF Outflows Hit $233 MillionBullish
finance.yahoo.com· 2026-05-13
Warning: Don’t Buy This Ethereum ETF, and Buy This InsteadBullish
finance.yahoo.com· 2026-05-12
Should You Bet on the Recent Rally in Bitcoin & Ethereum ETFs?Bullish
finance.yahoo.com· 2026-03-18
No crypto ETFs below RSI 30 despite Bitcoin dropBullish
seekingalpha.com· 2026-03-06

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score36 vs 67
Revenue growth— vs 7.5%
Net margin— vs 10.0%
Return on equity-19.1% vs 12.0%
P/E— vs 26.2

News sentiment

EODHD · 4d
Bullish
+0.12
vs typical · 4 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.