Ethereum Spot ETF Sees Outflows, Grayscale Prominent
CryptoNewsTerminal Staff03 Sep, 2024
Ethereum Spot ETF Sees Outflows, Grayscale Prominent
Ethereum Spot ETF Records Net Outflows of $47.4 Million According to Farside Investors, a financial data platform, US Ethereum spot ETFs experienced a net outflow of $47.4 million on September 3, 2023 (local time). Fidelity FETH and Grayscale ETHE Witness Contrasting Flows Fidelity FETH, an Ethereum spot ETF, exhibited a net inflow of $4.9 million. Conversely, Grayscale ETHE, another major player in the Ethereum ETF market, saw a net outflow of $52.3 million. Other ETFs Remain Unaffected The remaining Ethereum spot ETFs in the market did not experience any notable inflows or outflows during the reported period. This report highlights the ongoing dynamics within the Ethereum ETF market, with some funds experiencing inflows and others facing outflows. Investors should closely monitor these developments to make informed investment decisions.
