According to BlockBeats, Glassnode reported on May 29 that investors in BlackRock and Fidelity's spot Ethereum ETFs have an average unrealized loss of about 21%. The cost basis for BlackRock's spot Ethereum ETF is $3,300, while Fidelity's is $3,500. The current trading price of ETH is approximately $2,601.
Glassnode stated that these ETFs have minimal impact on the spot price of Ethereum. The Ethereum ETFs initially accounted for only about 1.5% of the spot market trading volume, and the market reaction has been relatively muted.
