{"asset":"ETH","day":"2026-11-05","costBasis":2917.7031345569003,"close":2238.01,"mvrv":0.7670451368041175,"notRead":[{"ticker":"ETH","name":"Grayscale Ethereum Staking Mini ETF","issuer":"Grayscale"},{"ticker":"ETHE","name":"Grayscale Ethereum Staking ETF","issuer":"Grayscale"},{"ticker":"MSSE","name":"Morgan Stanley Ethereum Trust","issuer":"Morgan Stanley"}],"notCollected":[{"ticker":"QETH","name":"Invesco Galaxy Ethereum ETF","issuer":"Invesco","refusedSince":"2026-10-30","lastDay":"2026-10-29","inFigure":null,"outDays":[],"outFrom":null,"leftOutBefore":true}],"coverageNote":"Funds whose issuers' sites refuse automated reads (Grayscale, Morgan Stanley and Invesco since 30 October 2026) are not in the daily figures, so not in the cost basis either; we do not work around that. Invesco's QETH was not in the cost basis before 30 October 2026 either: its own filings do not give its holdings at every quarter end before its daily record here.","unrealizedUsd":-2347916005.484275,"unrealizedPct":-23.295486319588253,"coins":3454376.5209794384,"costUsd":10078845203.201468,"estimatedShare":0.0001172350908644176,"shareOfDaily":0.8278767129426232,"funds":[{"ticker":"ETHA","slug":"etha","name":"iShares Ethereum Trust ETF","issuer":"BlackRock iShares","coins":2980747.9011,"costBasis":3009.0184865895867,"mvrv":0.7437674477489018,"unrealizedUsd":-2298181928.132198,"estimatedShare":0.0,"dailyFrom":"2024-06-24","fromLaunch":true,"quarterly":false,"estimatedSteps":[]},{"ticker":"ETHB","slug":"ethb","name":"iShares Staked Ethereum Trust ETF","issuer":"BlackRock iShares","coins":397092.3067,"costBasis":2212.1836540261584,"mvrv":1.01167459398176,"unrealizedUsd":10255443.29638508,"estimatedShare":0.0,"dailyFrom":"2026-02-18","fromLaunch":true,"quarterly":false,"estimatedSteps":[]},{"ticker":"ETHV","slug":"ethv","name":"VanEck Ethereum ETF","issuer":"VanEck","coins":45278.232,"costBasis":3004.3843973075645,"mvrv":0.744914666047938,"unrealizedUsd":-34700077.760152094,"estimatedShare":0.0,"dailyFrom":"2024-06-24","fromLaunch":true,"quarterly":false,"estimatedSteps":[]},{"ticker":"EZET","slug":"ezet","name":"Franklin Ethereum ETF","issuer":"Franklin Templeton","coins":20073.16,"costBasis":3366.007468140963,"mvrv":0.6648856311765841,"unrealizedUsd":-22642473.657588452,"estimatedShare":0.0,"dailyFrom":"2024-07-22","fromLaunch":true,"quarterly":false,"estimatedSteps":[["2025-01-03","2025-01-06",2],["2025-03-28","2025-04-01",3],["2025-04-15","2025-04-17",3],["2026-08-26","2026-10-21",40]]},{"ticker":"TETH","slug":"teth","name":"21Shares Ethereum Staking ETF","issuer":"21Shares","coins":11184.92117943858,"costBasis":2474.6651527951526,"mvrv":0.9043688183317049,"unrealizedUsd":-2646969.230721774,"estimatedShare":0.04268929953001854,"dailyFrom":"2024-07-22","fromLaunch":true,"quarterly":true,"estimatedSteps":[["2024-07-01","2024-07-22",15],["2025-01-06","2025-01-07",2],["2025-01-08","2025-01-10",2],["2025-03-31","2025-04-03",4],["2025-04-16","2025-04-21",3],["2026-09-09","2026-09-10",2]]}],"excluded":[{"ticker":"ETHW","name":"Bitwise Ethereum ETF","issuer":"Bitwise","coins":109298.25615648,"dailyFrom":"2026-10-22"},{"ticker":"FETH","name":"Fidelity Ethereum Fund","issuer":"Fidelity","coins":608898.8283,"dailyFrom":"2026-10-22"}],"realizedDay":"2026-11-05","realizedUsd":-26157431.183881655,"realized5":{"from":"2026-10-30","to":"2026-11-05","usd":-121157411.40097006},"since":"2024-06-24","unit":"USD/ETH","page":"https://cryptokeyhole.com/etf-flows/ethereum/cost-basis/","licence":"https://creativecommons.org/licenses/by/4.0/","cite":"CryptoKeyhole, \"US spot ether ETF cost basis\", 5 November 2026: $2,918 per ETH (the funds collected daily from their issuers' files). https://cryptokeyhole.com/etf-flows/ethereum/cost-basis/, CC BY 4.0.","method":"Each fund keeps an average-cost ledger over its daily holdings from its issuer's own files: coins added cost the change times CryptoKeyhole's own USD close of that UTC day; coins removed (redemptions, coins sold for fees, cash staking payouts) leave at the fund's average cost. For a fund whose daily record starts after its launch, its earlier holdings come from its own quarter-end SEC filings, each quarter's change valued at the mean of our closes over that quarter (estimatedShare is that part of the cost). The cost basis is the included funds' total cost divided by their coins, on days every included fund has published.","coverage":"Daily totals are partial. Funds whose issuers' sites refuse automated reads (Grayscale, Morgan Stanley and Invesco since 30 October 2026) are not in the daily figures, so not in the cost basis either; we do not work around that. Invesco's QETH was not in the cost basis before 30 October 2026 either: its own filings do not give its holdings at every quarter end before its daily record here. The funds listed under excluded have no first-party record of their earlier holdings. shareOfDaily is the included funds' share of the coins of every fund collected daily on the 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