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But we saved everything 🙂.
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.
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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.