Altcoins News
By James Thorp
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ETH Price vs. ETF Cost Basis. Currently, Ethereum (ETH) is trading around $2,601, according to CoinMarketCap.
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What Caused the Drop?. The last time ETH traded above $3,000 was February 2, 2025.
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Inflows Continue Despite Losses. Interestingly, even though many investors are facing losses, Ethereum ETFs have seen consistent…
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Ethereum’s Price Performance. Despite recent troubles, Ethereum has been slowly recovering.
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Limited Impact of ETFs on Price. While ETFs often help boost prices in traditional markets, Glassnode said Ethereum ETFs have had…
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Staking and ETF Performance. One factor affecting ETF demand might be the lack of staking.
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Outlook: Will ETH Rebound?. Despite current losses, the long-term outlook for Ethereum remains a topic of debate.
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Many investors who bought into Ethereum spot ETFs, especially from top firms like BlackRock and Fidelity, are now holding their investments at a loss.
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In a new report released on May 29, Glassnode stated that most investors in the Ethereum ETFs offered by BlackRock and Fidelity are "substantially underwater.
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Currently, Ethereum (ETH) is trading around $2,601, according to CoinMarketCap. However, when BlackRock and Fidelity started their ETFs, the cost basis was much higher:
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BlackRock ETF average cost basis: $3,300
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This means that Ethereum would need to rise by more than 25% for investors to break even.
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The last time ETH traded above $3,000 was February 2, 2025. After that, the price dropped sharply, in part due to political developments.
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These tariffs created uncertainty in the financial markets, and the crypto sector was not spared. Ethereum, like other digital assets, saw its price fall.
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Just recently, on May 28, a U.S. federal court blocked most of Trump’s tariffs, which may help reduce market fears and support a recovery in crypto prices.
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