Tradfi
Sectors
Sentiment
Ethereum vs Fidelity — on-chain settlement vs the most crypto-native US wealth manager. Enterprise value and adoption framing.
| Metric | Ethereum | Fidelity Investments | Δ |
|---|---|---|---|
| Ethereum Market Cap | $283.19B | — | — |
| Ethereum Price | $2.32K | — | — |
| Ethereum 24h Change | -0.55% | — | — |
| Ethereum FDV | $283.19B | — | +0.0% |
| Ethereum ATH | $4.95K | — | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
Fidelity is privately held (the Johnson family) but its equivalent 'enterprise value' is generally cited in the $70B-$100B range given $13T+ in assets under administration. Ethereum's market cap ($280B-$500B) is 3-7x Fidelity on that basis. Fidelity is the most crypto-native of the big US wealth managers: it launched Bitcoin mining research early, offers Fidelity Crypto to retail, operates Fidelity Digital Assets for institutions, and runs the FBTC spot Bitcoin ETF and FETH spot Ethereum ETF. The comparison is useful because Fidelity's adoption arc telegraphs what mass-distributed ETH ownership looks like. Fidelity employees' 401(k) plans can hold BTC. Correlation is indirect — Fidelity's franchise benefits from crypto adoption broadly but is diversified across all asset classes.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks