Correspondence 0001193125-24-180474 from Fidelity Ethereum Fund (FETH)
Fidelity Ethereum Fund
Date: July 17, 2024 · CIK: 0002000046 · Accession: 0001193125-24-180474
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-278249
Letter
VIA EDGAR CORRESPONDENCE United States Securities and Exchange Commission Division of Corporation Finance Washington, D.C. Re: Fidelity Ethereum Fund File No. 333-278249
Dear Mr. and Ms. Gessert and Berkheimer:
This letter responds to your comments regarding Amendment No. 4 to the registration statement filed on Form S-1 for the Fidelity Ethereum Fund (the “Trust”) with the Staff of the Securities and Exchange Commission (the “Staff”) on July 8, 2024 (the “Registration Statement”). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement.
COMMENT 1 – THE TRUST’S SERVICE PROVIDERS
The Staff notes the revisions the Trust made in response to prior comment 5. Please describe whether the Trust has entered into an agreement with any ether trading counterparty who has not consented to be identified as such in this Prospectus. Additionally, if the Trust has entered into an agreement with such an entity, please revise to identify that entity or explain why the Trust is not required to do so.
RESPONSE TO COMMENT 1
The disclosure has been revised to identify all of the Trust’s ether trading counterparties.
********
Charlotte Chicago New York Salt Lake City San Francisco Washington, DC
United States Securities and Exchange Commission
Division of Corporation Finance
July 17, 2024
Page
Please call me at (312) 845-3484 if you have any questions or issues you would like to discuss regarding these matters.
Sincerely yours,
CHAPMAN AND CUTLER LLP
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CORRESP 1 filename1.htm CORRESP Morrison C. Warren Partner Chapman and Cutler LLP 320 South Canal Street, 27th Floor Chicago, Illinois 60606 T 312.845.3000 D 312.845.3484 F 312.451.2366 warren@chapman.com July 17, 2024 VIA EDGAR CORRESPONDENCE United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Re: Fidelity Ethereum Fund File No. 333-278249 Dear Mr. and Ms. Gessert and Berkheimer: This letter responds to your comments regarding Amendment No. 4 to the registration statement filed on Form S-1 for the Fidelity Ethereum Fund (the “Trust”) with the Staff of the Securities and Exchange Commission (the “Staff”) on July 8, 2024 (the “Registration Statement”). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement. COMMENT 1 – THE TRUST’S SERVICE PROVIDERS The Staff notes the revisions the Trust made in response to prior comment 5. Please describe whether the Trust has entered into an agreement with any ether trading counterparty who has not consented to be identified as such in this Prospectus. Additionally, if the Trust has entered into an agreement with such an entity, please revise to identify that entity or explain why the Trust is not required to do so. RESPONSE TO COMMENT 1 The disclosure has been revised to identify all of the Trust’s ether trading counterparties. ******** Charlotte Chicago New York Salt Lake City San Francisco Washington, DC United States Securities and Exchange Commission Division of Corporation Finance July 17, 2024 Page 2 Please call me at (312) 845-3484 if you have any questions or issues you would like to discuss regarding these matters. Sincerely yours, CHAPMAN AND CUTLER LLP By: /s/ Morrison C. Warren Morrison C. Warren