Ethereum ETF Cost Basis
What did the Ethereum funds pay for their coins?
The average price the funds paid for the Ethereum they hold, set against Ethereum's price.
What the funds paid, and Ethereum's price
The average price the funds paid for the Ethereum they still hold, beside Ethereum's own price. The price line is Ethereum's closing price each day, the same price the money held is valued at. Estimates. No fund publishes what it paid. This is worked out from the money going in and the price on the day it arrived, so treat it as close rather than exact.
Inspect and compare dates
Pick two dates to compare what the funds had paid for Ethereum with Ethereum's price on each.
| Measure | Change | Relative change | ||
|---|---|---|---|---|
| Average buy price | $2,926 | $2,911 | −$15 | −0.5% |
| Ethereum price | $2,697 | $2,235 | −$462 | −17.1% |
Right now
On average the funds paid about $2,911 a coin for the Ethereum they hold. At $2,235, Ethereum is about 23% below that.
How many of their coins are in profit?
As of 6 Nov 2026.
Coins in profit
Of the Ethereum the funds hold, the share worth more than it cost.
Funds in profit
Funds whose coins are worth more, all together, than they paid.
21% of the Ethereum in the funds is worth more than it cost. 1 of the 11 funds we can price is ahead on what it paid.
How much of this can we see?
We can see a buy price for 88% of the coins the Ethereum fund group holds.
What has Ethereum's price done lately?
As of 6 Nov 2026.
Price now
Past week
Flat
Past month
Down
Over the past month a net $1.47 billion left the Ethereum ETFs, and Ethereum's price fell 17%. Fund money is one part of what moves a price, so read those as two facts side by side rather than one causing the other.
Understanding
Ethereum ETF Cost Basis
Where it stands today
The US Ethereum ETFs paid an average of about $2,911 a coin for the Ethereum they hold as of .
At $2,235, Ethereum's price was about 23% below that as of .
21% of the Ethereum in the funds was worth more than it cost as of .
Cost basis is the average price the funds paid for the coins they hold. It works like your own average buy price: when Ethereum's price is above it, the funds are ahead on paper, and when it is below, they are behind.
The Worth vs. paid tab divides Ethereum's price by that average. Above 1.0 the coins are worth more than the funds paid for them, and below 1.0 they are worth less. It is the same comparison as the two lines on the Buy price tab, as one number.
Coins in profit counts the Ethereum the funds hold that are worth more than they cost, as a share of all of them. Funds in profit counts the funds whose coins, taken together, are worth more than they paid.
The numbers
behind the chart
What does the current reading show?
Average buy price: the latest reading is $2,911, on . The highest reading since is $3,604 on ; the lowest is $2,837 on .
Ethereum price: the latest reading is $2,235, on . The highest reading since is $4,832 on ; the lowest is $1,473 on .
Worth vs. paid: the latest reading is 0.77x, on . The highest reading since is 1.45x on ; the lowest is 0.46x on .
The average price the funds paid for the Ethereum they held on each day, the Worth vs. paid figure, and Ethereum's closing price that day.
What are the latest, highest and lowest readings?
| Measure | Latest | Highest | Lowest |
|---|---|---|---|
| Average buy price | $2,911 | $3,604 | $2,837 |
| Ethereum price | $2,235 | $4,832 | $1,473 |
| Worth vs. paid | 0.77x | 1.45x | 0.46x |
How do the readings compare with earlier dates?
| Reference date | Average buy price | Ethereum price | Worth vs. paid |
|---|---|---|---|
| 1 month ago | $2,926 | $2,697 | 0.92x |
| 3 months ago | $3,054 | $1,904 | 0.62x |
| 6 months ago | $3,222 | $2,351 | 0.73x |
| 1 year ago | $3,603 | $3,315 | 0.92x |
| 2 years ago | $2,837 | $2,722 | 0.96x |
What was the reading at each month’s end?
| Reading date | Average buy price | Ethereum price | Worth vs. paid |
|---|---|---|---|
| $2,914 | $2,241 | 0.77x | |
| $2,927 | $2,685 | 0.92x | |
| $2,962 | $2,468 | 0.83x | |
| $3,081 | $1,863 | 0.60x | |
| $3,174 | $1,572 | 0.50x | |
| $3,211 | $2,014 | 0.63x | |
| $3,242 | $2,258 | 0.70x | |
| $3,332 | $2,104 | 0.63x | |
| $3,451 | $1,930 | 0.56x | |
| $3,531 | $2,706 | 0.77x | |
| $3,559 | $2,972 | 0.83x | |
| $3,579 | $3,032 | 0.85x | |
| $3,603 | $3,848 | 1.07x | |
| $3,531 | $4,145 | 1.17x | |
| $3,428 | $4,360 | 1.27x | |
| $3,102 | $3,698 | 1.19x | |
| $2,936 | $2,486 | 0.85x | |
| $3,018 | $2,531 | 0.84x | |
| $3,088 | $1,794 | 0.58x | |
| $3,226 | $1,822 | 0.56x | |
| $3,246 | $2,238 | 0.69x | |
| $3,295 | $3,301 | 1.00x | |
| $3,285 | $3,337 | 1.02x | |
| $3,024 | $3,594 | 1.19x |
Source: The money going into the Ethereum funds each trading day, and Ethereum's price. No fund publishes what it paid. This is worked out from the money going in and the price on the day it arrived, so treat it as close rather than exact. Reading for .