Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Grayscale ETHE ETF Bleeds $1.15 Billion In 3 Days As ETH ETF Ouflows Hit $152 Million On Day 3

Grayscale ETHE ETF Bleeds $1.15 Billion In 3 Days As ETH ETF Ouflows Hit $152 Million On Day 3

Insidebitcoin2024/07/26 15:33
By:Insidebitcoin
 

The Grayscale Ethereum ETF (ETHE) has reported cumulative net outflows of $1.15 billion in the three days since its launch on July 23 as newly listed ETH ETFs overall recorded outflows of $152 million on July 25 ,

Data from SoSoValue shows that Grayscale’s ETF posted $346 million in outflows on its third day of trading, still below its record high of $484 million on July 23.

Grayscale Ethereum Trust Investors Cash Out

Grayscale’s 2.5% fee for ETHE ETF, converted into an ETF from the Grayscale Ethereum Trust, has seen investors turn to other issuers with significantly lower fees.

This situation mirrors what happened with the Grayscale spot Bitcoin ETF, which saw over $5 billion in outflows within its first month of trading.

The Grayscale Ethereum Trust had originally launched back in 2017and listed on OTC markets in 2019 before converting to an ETH ETF earlier this week.

BlackRock Leads in Inflows

Wall Street giant BlackRock is once again emerging as a formidable rival in the spot Ether ETF market.

On July 25, the BlackRock iShares Ethereum Trust ETF led the pack with $70.9 million in net inflows. This ETF saw its third consecutive day of inflows, with a cumulative net flow of $354 million.

Despite the ETHE ETF’s dull outlook, the Grayscale Ethereum Mini Trust saw the second-largest inflows on July 25, at $58 million.

Fidelity and Bitwise’s Ethereum ETFs posted inflows of $34 million and $16 million, respectively. VanEck and Invesco Galaxy’s ETH ETFs followed behind with $8 million and $6 million inflows, respectively.

Spot Ethereum ETFs currently have $8.97 billion in assets under management, equivalent to 2.36% of the Ethereum market cap.

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

MicroStrategy splurges $800 million, Harvard’s holdings surge 200%: Are whales bottom-fishing or is this the prelude to a bull trap?

MicroStrategy and Harvard University increased their positions against the trend during the bitcoin market correction—MicroStrategy purchased 8,178 bitcoins, and Harvard increased its holdings in BlackRock’s bitcoin ETF. The market shows a pattern of retail investors selling while institutions are buying, but the scale of institutional accumulation is difficult to offset the pressure from ETF capital outflows. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively updated.

MarsBit2025/11/20 15:26
MicroStrategy splurges $800 million, Harvard’s holdings surge 200%: Are whales bottom-fishing or is this the prelude to a bull trap?

Jesse Pollak Launches Controversial JESSE Coin on Base App

In Brief Jesse Pollak's JESSE coin is set to launch through the Base App. Pollak warns against scams and ensures only official announcements are credible. The launch reignites debate on digital identity and security in decentralized protocols.

Cointurk2025/11/20 13:39
Jesse Pollak Launches Controversial JESSE Coin on Base App