Grayscale Ethereum Trust (ETHE) Sees Over $1.2 Billion in Asset Outflows

July 30, 2024 by bizmin

Cryptopolitan reports that the total outflows from ETHE have surpassed the combined inflows of eight other Ethereum ETFs launched on the same day.

The U.S. Securities and Exchange Commission (SEC) recently approved nine new spot ETFs following an eight-month approval process with prospective Ethereum ETF issuers.

ETHE continues to face outflows, with over $300 million exiting the fund on the third day. In contrast, six other ETFs recorded significant inflows on the same day.

BlackRock’s ETHA led with over $70 million in inflows, followed by Grayscale’s Mini Trust (ETH) with $58 million, and Fidelity’s FETH with more than $34 million.

Other notable inflows include Bitwise’s ETH ETF with $16.34 million, VanEck’s ETH ETF with $8 million, and Invesco’s ETH ETF with over $6 million. Meanwhile, 21Shares’ CETH and Franklin Templeton’s EZET remained neutral.

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