(FETH) Fidelity Advantage Ether - L - Ratings and Ratios

The Fidelity Advantage Ether ETF (FETH) is an exchange-traded fund categorized under Digital Assets, with its origins in the USA. As a fund that tracks the performance of Ether, the native cryptocurrency of the Ethereum blockchain, its value is closely tied to the cryptocurrencys price movements.

With Assets Under Management (AUM) of $2401.43 million USD, FETH has established itself as a significant player in the digital assets ETF space. The funds size indicates a considerable investor interest in gaining exposure to Ether through a traditional investment vehicle.

Key economic drivers for FETH include the overall adoption and usage of the Ethereum blockchain, the development and deployment of decentralized applications (dApps) on the network, and the general sentiment towards cryptocurrencies. The funds performance is also influenced by the regulatory environment and any significant updates or hard forks in the Ethereum protocol.

To evaluate the funds performance, relevant KPIs include tracking error relative to the underlying Ether price, expense ratio, and the funds liquidity as measured by average trading volume. The funds beta, currently at 0.000, suggests a potentially low correlation with traditional market indices, although this value may not accurately reflect the funds volatility relative to Ether or other cryptocurrencies.

The price movements of FETH, with a 52-week high of $40.64 and a low of $14.63, indicate a significant level of volatility. This volatility is a key consideration for investors, as it reflects the potential for both substantial gains and losses. The funds last price of $38.70, along with its moving averages (SMA20, SMA50, SMA200), provides insight into its recent price trends and potential support or resistance levels.

Investors in FETH should also be aware of the competitive landscape within the digital assets ETF category, including other Ether and cryptocurrency-focused funds. The funds ability to maintain or grow its AUM, along with its tracking performance and expense ratio, will be critical factors in its long-term success.