According to Crypto Analytics, most investors in Ether Ether Ether Ether equal funds from Blackrock and Fidelity Investments assets are in the face of significant losses.
“The average investor in ETF Blackrock and Fidelity ETFS is currently basically under water, maintaining an unrealized loss of about -21%on average”, Glassnode he said In the report of May 29.
Ether (ETH) currently has trade for $ 2601, According to For Coinmarketcap data. However, ETF Ether Ether Blackrock has a cost basis of USD 3300, while Fidelity is higher at USD 3500.
Funds fell on Trump’s tariffs
The last time Ether traded above USD 3000, on February 2, before he entered action after US President Donald Trump signed an executive order to impose import tariffs on goods from China, Canada and Mexico.
“We see that net outflows begin to accelerate when the price of the spot dropped below this average level of ETF Investor Basis in August 2024 and January and March 2025”-added the company.
Ether reached an annual level of USD 1,472 on April 9, on the same day the wide global Trump tariffs appeared. However, over the past month, Ether has increased by 44.25%, and ETF Spot Ether recorded nine consecutive days of influx with a total value of $ 435.6 million from May 16, because the uncertainty of the trade war began to frosty down.
Some analysts provide for a greater growth of the cryptocurrency market after the US Federal Court blocked most Trump tariffs on May 28.
Since ETF Ether in the United States in July 2024, they have reported $ 2.94 billion of total inflows. During the premiere of July 23, Ether traded around 3536 USD.
Meanwhile, Glassnode suggested that ETFs have a little impact on the price of ether spot. “ETFS ETFS Ethereum initially accounted for only 1.5% of the volume of trade in point markets, suggesting a relatively summer party when starting,” he said.
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Glassnode said that ETF experienced a period of stronger growth in November 2024, where the middle increased to over 2.5%.
This coincided with Trump’s victory in the US presidential election in the same month, the entire cryptographic market entered the monthly market, in which the ether reached USD 4 007 on December 8.
Glasnode said the measure fell in the direction of 1.5%.
On March 20 at Digital Asset Summit, the head of Blackrock Digital Assets, Robbie Mitchnick, noticed that Ether Ether Ether is “less perfect” without applying.
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
