Glassnode: Investors in BlackRock and Fidelity's Spot Ethereum ETF are experiencing an average unrealized losses of approximately 21%.

Gate News bot news, the crypto assets analytics company Glassnode pointed out in a recent report: "The average investor holding positions in the Ethereum ETFs from BlackRock and Fidelity Investments is currently facing significant losses, with an average unrealized loss of about 21%."

The report states: "We can see that when the spot price of ETH falls below the average cost benchmark level for ETF investors in August 2024 and in January and March 2025, net outflows begin to accelerate."

On April 9, the day the global tariffs implemented by Trump took effect, the price of ETH fell to an annual low of $1472. However, as the uncertainty of the trade war began to ease, ETH has risen 44.25% in the past month, and the Ethereum spot ETF has recorded a net inflow of $435.6 million for nine consecutive days since May 16.

However, Glassnode stated that these ETFs have little impact on the spot price of Ethereum, "the Ethereum ETF initially accounted for only ±1.5% of the spot market trading volume, indicating that the market response was relatively tepid at the time of its launch."

Source: Cointelegraph