Bitcoin's Price Recovery Lifts US Spot ETF Investors Back into Profit
Bitcoin's price has recovered significantly in recent days, pushing US spot exchange-traded fund (ETF) investors back into profit after months underwater. Data from CryptoSlate shows that Bitcoin gained about 6% over the past 24 hours, extending its September rebound and briefly trading near $86,000.
Bloomberg Intelligence ETF analyst James Seyffart stated that the move put the average US Bitcoin ETF holder above water for the first time since January. The funds' estimated buys-only cost basis stands at about $81,722 per Bitcoin, while their net cost basis sits closer to current prices.
The turnaround has been dramatic. US Bitcoin ETF investors held about $86.32 billion in unrealized gains on October 6, 2025, before the subsequent selloff erased that entire cushion. By September 18, the cohort was sitting on an estimated $780 million unrealized loss.