According to BlockBeats, Glassnode pointed out in a report on May 29 that the average unrealized loss of investors in BlackRock and Fidelity spot Ethereum ETFs is about 21%. The cost basis of BlackRock's spot Ethereum ETF is $3,300 and that of Fidelity is $3,500. ETH is currently trading at about $2,601.
Glassnode said that these ETFs had little impact on the spot price of Ethereum. Ethereum ETFs initially accounted for only about 1.5% of the spot market volume, and the market response was relatively flat.
