Bitcoin

Ethereum

Grayscale Bitcoin Trust

Major factors like market performance and economic conditions have led to big outflows from Grayscale’s ETHE. On August 2, 2024, Ethereum ETFs saw significant movement, resulting in a historic net outflow of $2.117 billion from ETHE.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/96436ce45fb241bfba82c35f5f95d287.png" />Data from SoSoValue reveals that on August 2, the total net outflow from Ethereum spot ETFs reached $54.27 million. A substantial portion of this outflow came from Grayscale’s Ethereum Trust ETF (ETHE), which alone experienced a net outflow of $61.43 million in just one day.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5d48ce60458c41e7b954032293f27eba.png" /><h3 id="mixed-trends-in-ethereum-etfs">Mixed Trends in Ethereum ETFs</h3>Grayscale’s Ethereum Trust ETF (ETHE) has been a <a href="https://cryptosheadlines.com/potential-impact-chinese-coins-as-key-players-in-the-crypto-market/" rel="noopener noreferrer nofollow">key player in the market</a>, allowing investors to gain exposure to Ethereum without buying or storing the cryptocurrency directly. However, recent trends show significant outflows from ETHE, indicating a shift in investor sentiment.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5ecbe1188f67430aa821ff227a624e51.webp" />Ethereum ETFs posted a $54.27 million net outflow on Aug. 2. Source: SosoValueWhile ETHE has faced considerable outflows, other <a href="https://cryptosheadlines.com/ethereum-etfs-see-positive-trends-could-eth-reach-4000/" rel="noopener noreferrer nofollow">Ethereum ETFs have shown different trends</a>. The Grayscale Ethereum Mini Trust ETF (ETH) has maintained its stability, reporting no outflows and keeping a net inflow of $201 million. This contrasts with the volatility seen in ETHE.Fidelity’s Ethereum spot ETF (FETH) experienced the highest net inflow recently, adding $6.0176 million in a single day, which brings its total net inflow to $297 million. Similarly, the <a href="https://cryptosheadlines.com/franklin-templeton-sets-record-low-fee-for-bitcoin-etf/" rel="noopener noreferrer nofollow">Franklin Templeton ETF</a> (EZET) recorded a net inflow of $1.1433 million in one day, with a cumulative net inflow of $30.6733 million.<h3 id="ethereum-spot-etfs-net-outflows-and-recent-inflows">Ethereum Spot ETFs: Net Outflows and Recent Inflows</h3>As of publication, the total net asset value of <a href="https://cryptosheadlines.com/ethereum-spot-etfs-launch-today-what-investors-should-know/" rel="noopener noreferrer nofollow">Ethereum spot ETFs</a> stands at $8.332 billion. The ETF net asset ratio, which measures the market value of Ethereum held in ETFs compared to the total market value of ETH, is currently at 2.29%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5d48ce60458c41e7b954032293f27eba.png" />Historically, Ethereum spot ETFs have experienced a cumulative net outflow of $511 million, reflecting a net withdrawal of funds from these investment products. Despite this overall trend, on August 1, 2024, the daily net inflows into U.S. spot Ether ETFs were positive. These ETFs saw a net inflow of $26.7 million, with <a href="https://cryptosheadlines.com/blackrocks-ishares-bitcoin-etf-disappears-and-reappears-on-dtcc-site/" rel="noopener noreferrer nofollow">BlackRock’s iShares</a> Ethereum Trust (ETHA) leading with an inflow of $89.6 million.At the time of publication, Ethereum (ETH) is trading at $2,987, having dropped approximately 5.71% since the launch of these ETFs.<a href="https://cryptosheadlines.com/moontap-defend-tap-and-earn-in-this-new-crypto-game/" rel="noopener noreferrer nofollow">Also Read: MoonTap: Defend, Tap, and Earn in This New Crypto Game</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c5b2b8acef7a4b88b080d8c33d13ad7d.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Grayscale ETHE Faces Major Outflows Amid Ethereum ETF Trends

Table of Contents

CryptosHeadlines.com

Other articles published on Aug 3, 2024

XRP beats Bitcoin, Ethereum in major area: 25% surge next?

French Crypto Traders in Shock as Bybit Closes Operations Overnight!

Hype and Hope: Cat³ Poker’s Bold Entry into the Crypto Market

Why You Should Invest in These AI-Powered Cryptos Today

Morpho leads crypto VC week with $50m round; DuelNow, Daylight follow suit

ERAGON Teams Up with Nodit: Empowering Web3 Mobile Gaming with Blockchain Data!

Join our free newsletter for daily crypto updates!