current location: front page Ethereum

Grayscale Ethereum Trust ETF net outflows hit $1.5B

Columns:Ethereum author:btczxw time:2024-07-27 21:58:14
🚀 AI-CrypTo — Intelligent quantitative crypto investment, easy to achieve wealth growth! 💰
  • AI-CrypTo platform provides you with the safest, most stable and most profitable cryptocurrency automatic quantitative trading system! With a minimum deposit of 10 USDT, you can activate your investment account and enjoy stable returns and flexible withdrawals! 💵 Each model has a different rate of return, choose a higher level of investment to earn more! AI quantitative returns range from VIP1 to VIP11, with daily returns as high as 40.9%! The more you invest, the greater the return! 💸
  • 📱Open an account now to receive rewards: https://crypto819.com/#/register?ref=766274
  • ✅Join the AI-CrypTo agent alliance, invite friends, and earn high commissions! Up to **30.2% daily income, and 10% direct referral commission! 💼 Recharge rewards every day, the stronger the team, the richer the rewards!

    Based on the present rate of outflows, ETHE’s Ether reserves could be exhausted within weeks.

    image.png

    Outflows from the Grayscale Ethereum Trust ETF (ETHE) have reached over $1.5 billion, with net outflows of $356 million in a single day on July 26.

    According to data from SoSo Value, July 26 proved to be a particularly volatile day for spot Ether 

    ETH

    tickers down

    $3,323

     exchange-traded funds (ETFs), with total net outflows amounting to $163 million.


    Grayscale’s newly converted Ethereum Trust ETF has witnessed significant net outflows, with investors withdrawing over $1.5 billion since spot Ether ETFs launched in the United States on July 23.

    Grayscale’s mixed fortunes

    On the other hand, Grayscale’s Ethereum Mini Trust ETF (ETH) saw a contrasting trend. On July 26, the ETF recorded a net inflow of $ 44.9 million.

    Ethereum ETF flows on July 26.  Source: SoSo Value

    This brings the total net inflows to the Grayscale Ethereum Mini Trust ETF to $164 million since it launched.

    However, it is BlackRock's iShares Ethereum Trust ETF (ETHA) that has attracted the most investor interest. ETHA had a net inflow of $87.2 million on JUly 26, pushing total net inflows to $442 million.

    Related: Spot Ethereum ETFs are coming, but ETH derivatives markets are flat

    Market context

    The total net asset value of spot Ether ETFs currently stands at $9.2 billion. The ETF net asset ratio, which represents ETFs’ market value relative to Ethereum’s total market value, is at 2.36%. Despite these figures, the historical cumulative net outflow for spot Ether ETFs has reached $341 million.

    On July 23, eight investment firms introduced nine new Ethereum exchange-traded funds that track the cryptocurrency’s spot price following their initial greenlight from the US Securities and Exchange Commission in May.


    🚀 AI-CrypTo — Intelligent quantitative crypto investment, easy to achieve wealth growth! 💰
    • AI-CrypTo platform provides you with the safest, most stable and most profitable cryptocurrency automatic quantitative trading system! With a minimum deposit of 10 USDT, you can activate your investment account and enjoy stable returns and flexible withdrawals! 💵
    • Each model has a different rate of return, choose a higher level of investment to earn more! AI quantitative returns range from VIP1 to VIP11, with daily returns as high as 40.9%! The more you invest, the greater the return! 💸
    Official certification platform
    share to:
    read:1366Second-rate

    I want to leave a message

      

    Classification