Grayscale’s Ethereum Trust ETF sees $31M outflow
Share link:In this post: Grayscale’s Ethereum Trust ETF (ETHE) reports a significant single-day net outflow of $31 million. BlackRock’s ETHA’s net inflows near the $1 billion milestone, while Fidelity’s FETH accrues gains nearing $351 million. The total net asset value of Ethereum spot ETFs currently stands at $7.645 billion.
Grayscale’s Ethereum Trust ETF (ETHE) recently endured a single-day outflow of $31.01 million, marking a return to negative flow rates after a brief period of stability. The latest outflow trend brings the total to a concerning $2.327 billion for ETHE.
Up to this point, U.S. spot Ethereum ETFs have failed to match the performance of their Bitcoin-based equivalents. The consistent outflows from Grayscale’s ETHE have dampened the cumulative net inflows across the nine available ETH exchange-traded funds.
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