Odaily Planet Daily reported that Glassnode stated that investors in BlackRock and Fidelity's spot Ethereum ETFs are currently facing significant losses, with an average unrealized loss of about 21%. Data shows that the cost basis for BlackRock's spot Ethereum ETF is $3,300, while Fidelity's is higher at $3,500. The current trading price of ETH is approximately $2,601. Meanwhile, Glassnode indicated that these ETFs have a minimal impact on the spot price of Ethereum. "The Ethereum ETFs initially accounted for only about 1.5% of the spot market trading volume, indicating that the market response was relatively tepid at the time of the ETF launch."