I have not found the average holding cost of the $ETH spot ETF until now. Today I saw an article from Bloomberg stating that the average cost of the U.S. ETH spot ETF is about $3,500, which is nearly 10% higher than my estimate of $3,200. Moreover, the ETH spot ETF started on July 22, 2024.

The price at that time was around $3,500. Except for some investors in April 2025, almost all have incurred losses in the meantime. Nevertheless, the U.S. ETH spot ETF still holds 5,826,299 Ethereum, which is an increase of 2,759,563 compared to the initial opening.

It is indeed evident that traditional investors have serious confidence issues regarding cryptocurrencies, but selling off is still not the primary choice for these holders. The peak holding of the ETH spot ETF was 6,943,333 on October 8, 2025, and so far, a total of 1,117,034 has been reduced, accounting for 16.09%.