Grayscale’s Ethereum Trust ETF (ETHE) has experienced significant outflow, with investors withdrawing over $1.5 billion since the launch of spot Ether ETFs in the United States on July 23.
According to data from SoSo Value, July 26 was especially notable, with ETHE seeing net outflows of $356 million in a single day.
This day, which experienced high activity also saw total net outflows of $163 million from all spot Ether ETFs, indicating a broader trend of investors reassessing their positions in these financial products.
In contrast, Grayscale’s Ethereum Mini Trust ETF (ETH) saw a different trend. On July 26, it recorded a net inflow of $44.9 million. Since its launch, the Mini Trust has accumulated total net inflows of $164 million, suggesting selective confidence among investors in Grayscale’s smaller-scale fund.
Meanwhile, BlackRock’s iShares Ethereum Trust ETF (ETHA) has attracted significant interest. On July 26, ETHA had net inflows of $87.2 million, bringing its total net inflows to $442 million. This indicates a preference among investors for BlackRock’s offering.
Overall, the total net asset value of spot Ether ETFs currently stands at $9.2 billion, with an ETF net asset ratio of 2.36%. Despite these figures, the cumulative historical net outflow for spot Ether ETFs has reached $341 million, reflecting ongoing market adjustments.
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