ETH ETFs Report Collective Losses Exceeding $1.16 Billion
Investors in ETH ETFs face significant losses, totaling approximately $1.16 billion due to recent market declines. Key points include:
- ETFs' share prices align closely with ETH's value.
- Average purchase price for investors was around $3,300, while current prices are lower.
- 21Shares’ CETH is the only ETF with positive performance, up 7.2% or $1.21 million.
- Fidelity’s FETH shows the largest loss at nearly 20%, down $289.2 million.
- BlackRock’s ETHA lost $782.5 million, equating to a 17.6% drop.
- Performance varies based on the timing of capital contributions and withdrawals.
Overall, a rise in ETH prices would benefit all ETF investors.