Fidelity Ethereum Fund Posts $255 Million Net Loss in Q2 2026

Fidelity's Ethereum Fund saw significant losses in Q2 2026, reporting a net decrease of $(255.1M) in net assets from operations.

This decline was driven by decreases in ether holdings and market volatility, which peaked in mid-January and troughed in early June.

The fund's asset flows were largely marked by redemptions, with shares down materially and ether holdings falling roughly 63% compared to the previous year-end.