FETH: The Ethereum Hype Has Merit

Description

Summary Ethereum has underperformed Bitcoin significantly since the launch of spot ETH ETFs in the US, declining 22% versus Bitcoin's 64% gain. Despite Ethereum's lagging price action, some investors and companies, like Bit Digital, are making sizable bets on ETH over BTC. There is some merit to the recent hype surrounding ETH given stablecoin footprint, stablecoin transfer volume, and tokenized asset trends. The Fidelity Ethereum ETF is my preferred ETH-proxy due to its reasonable fee and custo...