Ethereum ETF cost basis near $3,400, James Seyffart notes

Ethereum ETF cost basis near $3,400, James Seyffart notes
Ethereum ETF investors see steep losses

James Seyffart reports that holders of Ethereum ETFs are experiencing substantial losses, with the average cost basis just under $3,400.

Seyffart notes that while ETH has risen slightly to $1,700, it is still well below the average price at which ETF holders purchased their shares. He references charts from an Ethereum ETF chart book to illustrate these trends.

Seyffart has tracked developments across various ETF products in recent months. He highlighted the launch of SPCL, a 2X leveraged ETF tied to SpaceX, now available for trading in the U.S. Earlier, he reviewed S&P’s decision to leave its approach to mega cap IPOs unchanged. His updates provide context for current trends in ETF performance.

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