Grayscale's ETH Spot ETF Suffers Outflows on Trading Debut

IconCryptoNewsTerminal Staff23 Jul, 2024

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Grayscale's ETH Spot ETF Suffers Outflows on Trading Debut

Grayscale’s ETHE spot Ethereum exchange-traded fund (ETF) experienced outflows of approximately $485 million on its first trading day, as reported by Bloomberg. Despite this, Grayscale's other "mini" ETF, "ETH," received inflows of $15.2 million. Among the other ETH ETFs that began trading on Wednesday, ETHW attracted the most significant inflows with $203 million, followed by EZET with $13.2 million and CETH with $7.4 million. The net outflows from spot ETH ETFs totaled around $244 million, considering the outflows from Grayscale's ETHE. As of now, there is no available data on inflows or outflows for BlackRock's ETHA, Fidelity's FETH, VanEck's ETHV, and Invesco's QETH.

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