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There’s endless shared trauma in crypto. But among the most common feels would be the kick to the guts that is buying a coin only to have it crash almost immediately.

Buyers of ETH ETFs are going through it right now. 

They’re collectively down an estimated $1.16 billion on their capital to date, after contributing the bulk of their inflows when the price of ETH was closer to $3,300, or around 27% higher than it is right now.

To be clear, the share prices of the ETFs themselves more-or-less track the price of ETH. The losses referred to here point to the ETH value each fund holds…

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