ETH: US Spot Ether ETF Unrealized Profit/Loss (Daily, Issuer Files)
Shown as its Jul–Sep 2024 sample; the latest readings and full history are included with Plus.
The US spot ether ETFs' unrealized profit or loss in US dollars: the value of their ether at the close minus what it cost them.
Why use it. Shows in dollars how much the funds' holders are up or down on the ether the funds hold, all together. How to read it. One point per US trading day; above zero the funds hold a profit, below zero a loss. It moves with the price and with the size of the funds.
Calculation. The included funds' ether on the day times our own USD close of that UTC day, minus their total cost from their average-cost ledgers. Funds: ETHA (BlackRock), ETHB (BlackRock), ETHV (VanEck), EZET (Franklin Templeton) and TETH (21Shares), the funds collected daily whose holdings can be followed back to their launch. TETH (21Shares) publishes only the current day, so its holdings before its daily record here (from 22 July 2024) come from its own quarter-end filings (10-Q and 10-K): each quarter's change is valued at the mean of our daily closes over that quarter, because when inside it the coins moved is not known, and that part of the cost is marked estimated. Not included: Bitwise Ethereum ETF (ETHW) and Fidelity Ethereum Fund (FETH), whose issuers publish only the current day and whose own filings do not give their ether at every quarter end before then, so what they paid cannot be worked out from first-party figures. 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. Method: each fund keeps an average-cost ledger over its daily holdings. Coins it adds cost the change times CryptoKeyhole's own USD close of that UTC day; coins it removes (redemptions, ether sold to pay its fee, cash payouts of staking rewards) leave at its average cost, so they do not move its cost basis, and realize a profit or loss of the coins removed times (the close - the average cost). A change across days with no figure in between (a short gap in an issuer's history, a quarter before the daily record) is valued at the mean of our closes over those days. The cost basis is the funds' total cost divided by their total ether, on days every included fund has published. Source: the funds' own daily holdings files, as on the ETF flows charts (read by CryptoKeyhole every 5 minutes until each issuer has published), their own quarterly SEC filings for the time before a fund's daily record, and our own ETH/USD index for prices. The figure for a day needs that day's close, so it appears once the UTC day has ended and every included fund has published. Limitations: the funds' cost is reconstructed from their holdings, not from what each shareholder paid for their shares (that depends on the share price on the day each investor bought, which the funds do not publish); creations are valued at our close of the day rather than at the benchmark price a fund used for its NAV that afternoon. A step on a day funds join the daily coverage is their cost entering the figure, not a change in what holders paid.