Crypto
Bitcoin ETF Holders Face $81K Loss Threshold Amid Positive Flows
The estimated cost basis for U.S. spot Bitcoin ETF holders is around $81,722, marking the level at which the average ETF position would return to a loss.
This figure applies only to the average ETF position and not every individual investor or fund, as cost bases may vary substantially across funds and investors.
Average ETF holder James Seyffart estimated this number on September 21st, noting that Bitcoin's rise above it marked the first time since January that holders were back above break-even.
In related news, U.S. spot Bitcoin ETFs recorded $31 million in net inflows on September 28th, with BlackRock's IBIT leading the group at $54.8 million and Grayscale's Bitcoin Mini Trust following closely behind at $10.3 million.