Glassnode: BlackRock and Fidelity Ethereum ETF Investors Average Unrealized Loss of 21%

BlockBeats News, May 30th, Glassnode stated in its report on May 29th that investors in BlackRock and Fidelity's Ethereum spot ETFs are currently facing significant losses, with an average unrealized loss of about 21%. The data shows that the cost basis of BlackRock's Ethereum spot ETF is $3,300, while Fidelity's is higher at $3,500. The current ETH trading price is around $2,601.

At the same time, Glassnode indicated that these ETFs have had little impact on Ethereum's spot price. "Ethereum ETFs initially accounted for only about 1.5% of the spot market trading volume, indicating a relatively muted market response to the ETF launches."

Source

Correction/Report

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