(FETH) Fidelity Advantage Ether - Ratings and Ratios

The Fidelity Advantage Ether ETF (FETH) is a digital asset ETF listed on the BATS exchange in the United States, designed to provide exposure to Ether (ETH), the second-largest cryptocurrency by market capitalization. The ETF tracks the performance of Ether using a robust index methodology that ensures accuracy and reliability in pricing. By holding Ether directly, the fund aligns closely with the assets market movements, offering investors a straightforward way to gain exposure to ETH without directly managing private keys or wallets.

The index underlying FETH is constructed using a volume-weighted median price (VWMP) methodology, which aggregates price feeds from eligible Ether spot markets. This approach minimizes the impact of market manipulation and ensures a fair representation of Ethers true market value. The index is recalculated every 15 seconds based on a rolling 60-minute window of VWMP data, providing up-to-date and precise valuations. The trust values its shares daily using the same methodology, ensuring consistency between the ETFs net asset value (NAV) and the underlying Ether price.

From a technical perspective, FETH is currently trading at $17.83, with a 20-day average volume of 1,265,550 shares. The ETF is below its 20-day SMA of $16.95 but above its 50-day SMA of $18.83, suggesting a potential near-term bullish reversal. However, the 200-day SMA of $26.65 indicates a longer-term downtrend. The Average True Range (ATR) of 0.97 reflects moderate volatility, suggesting that price movements are relatively stable compared to other digital asset ETFs.

Fundamentally, FETH has amassed significant assets under management (AUM) of $781.57 million, demonstrating strong investor interest in Ether exposure through a regulated ETF structure. This level of AUM underscores the funds liquidity and market presence, making it a viable option for institutional and retail investors seeking Ether exposure. The combination of a robust index methodology and substantial AUM positions FETH as a leading ETF for tracking Ethers price movements in a regulated and accessible manner.