Grayscale's ETHE ETF Witnesses Significant Outflows Following Launch

IconCryptoNewsTerminal Staff26 Jul, 2024

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Grayscale's ETHE ETF Witnesses Significant Outflows Following Launch

Grayscale's Ethereum Trust (ETHE) has experienced a notable decline in its holdings shortly after its launch. According to data shared by cryptocurrency trader Trader T, ETHE has seen a net outflow of 17.3% of its ETH holdings within the first four days of trading. This outflow suggests a potential trend in investor sentiment towards the ETHE ETF. It is worth noting that Grayscale's previous bitcoin spot ETF, GBTC, also experienced a similar pattern, with a 50% net outflow approximately two months after its launch. While the reasons for the outflows are not entirely clear, it highlights the evolving dynamics of the cryptocurrency market.

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