ETH Spot ETFs Experience Net Outflows: Grayscale ETHE Contributes Heavily

IconCryptoNewsTerminal Staff25 Jul, 2024

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ETH Spot ETFs Experience Net Outflows: Grayscale ETHE Contributes Heavily

Net Outflows from ETH Spot ETFs According to data from the financial information platform Farside Investors, nine ETH spot ETFs in the US experienced a net outflow of $152 million on January 25th. However, BlackRock ETHA, Bitwise ETHW, Fidelity FETH, and VanEck ETHV saw net inflows of $70.9 million, $16.3 million, $34.3 million, and $8 million, respectively. Grayscale ETHE's Significant Outflow Grayscale ETHE, on the other hand, recorded a substantial net outflow of $346 million, contributing significantly to the overall net outflows from ETH spot ETFs. This indicates a shift in investor sentiment towards Grayscale's ETH offering. The reasons behind the net outflows are not fully understood, but they could be attributed to factors such as market volatility, changes in investment strategies, or regulatory developments. Despite the outflows, the ETH spot ETF market remains an important segment for investors seeking exposure to Ethereum.

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