Grayscale Ethereum Trust ETF (ETHE) has seen over $1.5 billion in outflows, with a net outflow of $356 million in a single day on July 26.
according to July 26 was a particularly volatile day for spot Ether (ETH) exchange-traded funds (ETFs), with net outflows totaling $163 million, according to data from SoSo Value.
Grayscale’s newly converted Ethereum Trust ETF has seen significant net outflows, with investors withdrawing more than $1.5 billion since the spot Ethereum ETF launched in the U.S. on July 23.
Grayscale’s complicated fate
Meanwhile, Grayscale’s Ethereum Mini Trust ETF (ETH) showed a contrasting trend: On July 26, the ETF recorded a net inflow of $44.9 million.
This brings net inflows into the Grayscale Ethereum Mini Trust ETF to $164 million since its inception.
However, the ETF that has attracted the most investor interest is BlackRock’s iShares Ethereum Trust ETF (ETHA), which saw net inflows of $87.2 million on July 26, bringing total net inflows to $442 million.
Related: Spot Ethereum ETF Launches, but ETH Derivatives Market Remains Flat
Market situation
The Spot Ethereum ETF’s total net assets are currently $9.2 billion. The ETF’s net asset ratio (the ETF’s market cap compared to Ethereum’s market cap) is 2.36%. Despite these figures, the Spot Ethereum ETF has had cumulative net outflows of $341 million over the years.
On July 23, eight investment firms introduced nine new Ethereum exchange-traded funds that track the cryptocurrency’s spot price, following initial approval from the U.S. Securities and Exchange Commission in May.
magazine: Bitcoin $500,000 Prediction, Focusing on Ethereum ETF “Staking Issues” – Thomas Farrar, X Hall of Flame
