Grayscale ETHE Registers Net Outflow, BlackRock ETHA Net Inflow Surges Past it

IconCryptoNewsTerminal Staff01 Aug, 2024

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Grayscale ETHE Registers Net Outflow, BlackRock ETHA Net Inflow Surges Past it

Grayscale Investments' ETHE experienced a net outflow of $78 million on August 1st. However, the net inflow into BlackRock's ETHA spot ETF outweighed Grayscale's outflow by $89.6 million. This marks the first time BlackRock ETHA has surpassed Grayscale ETHE in net inflows. Fidelity's FETH also saw a net inflow of $11.7 million, making it a total net inflow of $26.7 million into US ETH spot ETFs. According to crypto analytics platform SoSoValue, this is the first net inflow after two days of trading. Cryptocurrency spot ETFs provide investors with exposure to the underlying asset without the need for direct ownership or custody.

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