The methodology used by Glassnode uses price stamping of bitcoin deposits to ETFs for the top three ETF issuers, which provides a rough break-even point for ETF investors. The data suggests, investors in Fidelity’s FBTC has a cost basis of $54,911, Grayscale at $55,943, and BlackRock $59,120.
Spot Bitcoin ETFs Register Net Outflows for Third Straight Day
