ETH Spot ETF Garners Impressive $890 Million AUM Within Three Days of Launch

IconCryptoNewsTerminal Staff26 Jul, 2024

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ETH Spot ETF Garners Impressive $890 Million AUM Within Three Days of Launch

ETF Specialist Reports $890 Million AUM for US ETH Spot ETF According to Bloomberg ETF specialist analyst James Seyffart, the US Ether (ETH) spot exchange-traded fund (ETF) has amassed approximately $890 million in assets under management (AUM) within three days of its launch. Cumulative Outflows Recorded Data reveals that the ETH spot ETF has experienced cumulative outflows totaling $178 million over the same period. Grayscale's ETHE Dominates with Highest AUM and Outflows Grayscale's ETH spot ETF, ETHE, stands as the largest AUM holder with approximately $71.22 billion. However, it has also incurred the most significant outflows, amounting to $1.157 billion.

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