Key stats
About FIDELITY ADVANTAGE ETHER ETF UNIT SER L CAD
Expense ratio
0.95%
Home page
Inception date
Sep 26, 2022
The fund directly invests in ether from acceptable sources. Ether, which is the native digital currency of the Ethereum Network, is stored using the issuers in-house storage services. The fund substantially invests only in ether. Each ether source serves as a spot market where the digital currency can be exchanged for US dollars or, in some cases, Canadian dollars. The portfolio manager conducts due diligence on each proposed ether source, confirming its reputation and stability through research of executive officers and significant shareholders. The fund confirms that the ether source complies with anti-money laundering regulations and maintains appropriate know-your-client policies and procedures. The fund is subject to certain conflicts of interest, such as covering all charges prior to an investor receiving any return on investment. An investment in the ETF is not guaranteed by any entity. The fund does not hedge its USD/CAD currency exposure against losses caused by changes in the exchange rate.