Fidelity Ethereum Fund

245 Summer Street V13E

Boston, Massachusetts 02210

July 18, 2024

VIA EDGAR CORRESPONDENCE

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Re: Fidelity Ethereum Fund

Ladies and Gentlemen:

The undersigned, Fidelity Ethereum Fund (the “Registrant”), pursuant to the provisions of Rule 461 of the General Rules and Conditions of the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended, hereby respectfully requests that the Commission grant acceleration of the effectiveness of Amendment No. 5 to the Registrant’s Registration Statement on Form S-1 (Registration No. 333-278249), filed on July 17, 2024, so that the same may become effective at 4:30 p.m. Eastern Time on July 22, 2024 or as soon thereafter as practicable.

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FD Funds Management LLC,
Sponsor of the Fidelity Ethereum Fund
By:	/s/ Cynthia Lo Bessette
	Name: Cynthia Lo Bessette
	Title:  President