Outflows Slightly Exceed Inflows in US ETH Spot ETF
CryptoNewsTerminal Staff05 Sep, 2024
Outflows Slightly Exceed Inflows in US ETH Spot ETF
The US ETH spot ETF experienced a net outflow of $200,000 on the 5th (local time), according to data from Farside Investors, a financial information platform. $7.4 million flowed out of the Grayscale ETHE, while $7.2 million flowed into the Grayscale Mini Ethereum ETF (ETH). No inflows or outflows were recorded in other ETFs. The net outflow suggests that investors are taking profits or reducing their exposure to Ethereum in the spot market. It could also indicate that investors are moving their funds to other ETH-based products, such as futures or options. Despite the outflows, the Grayscale ETHE remains the largest ETH-based ETF in the world, with over $1 billion in assets under management. The Grayscale Mini Ethereum ETF (ETH) is the second-largest ETH-based ETF, with over $200 million in assets.
