BlackRock's ETH Spot ETF Infows Now Atop Grayscale's ETHE Outflows

IconCryptoNewsTerminal Staff01 Aug, 2024

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BlackRock's ETH Spot ETF Infows Now Atop Grayscale's ETHE Outflows

BlackRock's ETH Spot ETF Outpaces Grayscale's ETHE BlackRock's iShares Etheruem Spot ETF (ETHA) has surpassed outflows from Grayscale's ETHE, making history as the first time a BlackRock ETF has outperformed Grayscale. On Thursday, ETHA saw inflows of $89 million, while ETHE faced outflows of $78 million. Since ETHA's launch on October 23, it has consistently seen daily inflows, while ETHE has faced daily outflows. These trends have continued since ETHA's debut, with ETHA recording total inflows of $712 million year-to-date. In contrast, Grayscale's ETHE has witnessed total outflows of $2.055 billion during the same period. ETHA's success highlights the growing interest in spot-based ETH ETFs among investors, who may prefer the transparency and flexibility of ETFs over traditional investment vehicles like Grayscale's ETHE.

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