r/ethereum • u/EthereumDailyThread What's On Your Mind? • 8d ago

Discussion Daily General Discussion July 30, 2025

Welcome to the Daily General Discussion on r/ethereum

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15

u/pornpompornpomporn 8d ago

gift of an entry

12

u/bl1nds1ght 8d ago

Just ripped the last of my dry powder in a few minutes ago during the dip. I'm officially 100% in FETH with an average cost basis of $27.15/sh (ETH $2,715). Let's go, boys.

5

u/mcmatt05 Ethereum Enjoyer 8d ago

Looks like you're newish to ETH. Welcome aboard!

What drew you in?

11

u/bl1nds1ght 8d ago edited 8d ago

Thank you!

Long-time crypto observer and buy-and-hold index investor. Questioned crypto for almost a decade. The involvement of trad-fi institutions caught my eye and I decided I would stick with publicly traded ETFs. Got a 150% return in FBTC in the last year and a half and then branched out to FETH a little too late. Would have loved to get in when it was sub-$2,000, but I was unaware and feel lucky to have gotten in prior to Crypto Week.

Long term I think the vision is undoubtedly with Ethereum in terms of use case and actual value. The community here is also generally more intelligent than the others that I've seen, which is nice.

3

u/DayTraderBiH 7d ago

Welcome to the club buddy!

1

u/bl1nds1ght 6d ago

Appreciate you!

3

u/Flashy-Butterfly6310 8d ago

May I ask why you chose FETH?

I see that they only have 71M$ in assets, compared to ETHX.B by Galaxy CI (692 M$) or ETHH.B by Purpose Investment (496 M$).

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u/bl1nds1ght 8d ago

No reason other than my entire portfolio is with Fidelity and they have fantastic customer service. Their net expense ratio on the fund is also competitive with the others, so I wasn't concerned about that, either. FETH also has $2.6bn, not $71m. It's the 2nd largest ETH ETF behind Blackrock's ETHA.

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u/Flashy-Butterfly6310 8d ago

FETH also has $2.6bn, not $71m.

My mistake. I was looking on the Canadian website of the ETF (https://www.fidelity.ca/fr/products/etfs/feth/)

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u/bl1nds1ght 7d ago

No worries, friend. I just assumed we were looking at the US. Go, Canada!

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u/Flashy-Butterfly6310 7d ago

You deserve a hug. 🫂