For an odd prime p we prove a Riemann-Hurwitz type formula for odd eigenspaces of the standard Iwasawa modules over F(μp∞), the field obtained from a totally real number field F by adjoining all p-power roots of unity. We use a new approach based on the relationship between eigenspaces and étale cohomology groups over the cyclotomic ℤp-extension F∞ of F. The systematic use of étale cohomology greatly simplifies the proof and allows to generalize the classical result about the minus-eigenspace to all odd eigenspaces.