Glassnode: Since early January, the result shows that a non-trivial 4% to 5% of the overall net capital inflow to the Bitcoin market can be associated with coins flowing into US Spot ETFs. The cost basis of these instruments ranges from $54.9k to $59.1k. This cost-basis model can then approximate a break-even point for ETF investors as a gauge for psychological stress points based on their unrealized profit/loss.