Grayscale Ethereum Trust ETF net outflows hit $1.5B

Columns：Ethereum author：BTCZXW time：2024-07-27 21:58:14

🌈🫴👏Sign up to join UPTX and unlock new user benefits worth 6000+ USDT! 🌈🫴👏

50 USDT Welcome Gift Package Complete the registration and meet the requirements to receive your exclusive 50 USDT bonus package! 🎯 Simple rules: Deposit or trade within 4 days after registration, and the bonus will be sent directly to your reward center!

📱Open an account now to receive rewards: https://www.uptx.com/register?inviteCode=QZAVQG&uid=240629

✅Experience funds can be traded but not withdrawn. If you have topped up, you can withdraw money if you win experience funds!

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

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

$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.

Unlock new user benefits worth 6000+ USDT

Register to join UPTX and unlock new user benefits worth 6000+ USDT!
Experience funds can be traded but not withdrawn. If you have topped up, you can withdraw money if you win experience funds!

Official certification platform