FETH: The Only ETF That Qualifies For A 'Non-Coinbase' Sleeve The Fidelity Ethereum Fund is the onl...

FETH: The Only ETF That Qualifies For A 'Non-Coinbase' Sleeve The Fidelity Ethereum Fund is the only large-cap US spot Ethereum ETF with zero Coinbase exposure at both custody and validation layers. FETH's independent infrastructure offers a structural hedge against counterparty concentration risk prevalent in competitors like ETHA and ETHB. I rate FETH a Buy for long-term allocators seeking custody diversification, despite its lower liquidity and current lack of staking yield.