UPLOAD Filing
Fidelity Ethereum Fund
Date: June 4, 2025 · CIK: 0002000046 · Accession: 0000000000-25-005906
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-278249
Letter
Re: Fidelity Ethereum Fund Post-Effective Amendment No. 1 to Registration Statement on Form S-1 Filed May 23, 2025 File No. 333-278249 Dear Cynthia Lo Bessette:
June 4, 2025
Cynthia Lo Bessette President Fidelity Ethereum Fund 245 Summer Street V13E Boston, MA 02210
We have reviewed your post-effective amendment and have the following comment.
Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments.
Post-Effective Amendment No. 1 to Registration Statement on Form S-1 General
1. We note your disclosure on pages 89 and 92 that the manner by which creations and redemptions are made is dictated by the terms of the Authorized Participant Agreement. Please revise to identify your current Authorized Participants that have Authorized Participant Agreements that allow for only cash, only in-kind and both cash and in-kind creations and redemptions. In addition, please revise to identify your Ether Trading Counterparties and disclose the material terms of the agreements with the Ether Trading Counterparties. June 4, 2025 Page 2
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Irene Paik at 202-551-6553 or David Gessert at 202-551-2326 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Crypto
Assets
cc: Morrison C. Warren, Esq.
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> June 4, 2025 Cynthia Lo Bessette President Fidelity Ethereum Fund 245 Summer Street V13E Boston, MA 02210 Re: Fidelity Ethereum Fund Post-Effective Amendment No. 1 to Registration Statement on Form S-1 Filed May 23, 2025 File No. 333-278249 Dear Cynthia Lo Bessette: We have reviewed your post-effective amendment and have the following comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Post-Effective Amendment No. 1 to Registration Statement on Form S-1 General 1. We note your disclosure on pages 89 and 92 that the manner by which creations and redemptions are made is dictated by the terms of the Authorized Participant Agreement. Please revise to identify your current Authorized Participants that have Authorized Participant Agreements that allow for only cash, only in-kind and both cash and in-kind creations and redemptions. In addition, please revise to identify your Ether Trading Counterparties and disclose the material terms of the agreements with the Ether Trading Counterparties. June 4, 2025 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Irene Paik at 202-551-6553 or David Gessert at 202-551-2326 with any questions. Sincerely, Division of Corporation Finance Office of Crypto Assets cc: Morrison C. Warren, Esq. </TEXT> </DOCUMENT>