Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16. 33 billion in unrealized losses. On Aug.

Source: [CryptoSlate](https://cryptoslate.com/wall-street-faces-an-aug-14-bitcoin-test-with-the-average-etf-position-down-22/)

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