Ethereum

Uniswap

Spot

<ul>
 <li>The Grayscale Ethereum Mini Trust ETF (ETH) saw the opposite pattern.&nbsp;</li>
 <li>The Mini Trust ETF received $44.94 million in new capital on July 26th.</li>
</ul>
The Grayscale Ethereum Trust ETF (ETHE) has hit a record net outflow of $1.514 billion, which is a startling trend in the crypto market. The entire result is bolstered by a notable net outflow of $356 million on July 26, which highlights this development.
Data from <a href="https://sosovalue.com/" target="_blank" rel="noopener noreferrer nofollow">SoSoValue</a> shows that Spot Ethereum ETFs had a really wild day on July 26. The overall pattern of investors pulling their money out of Ethereum spot ETFs was borne out by the $163 million net outflow on this particular day.
<h3 class="wp-block-heading" id="h-considerable-net-outflows">Considerable Net Outflows</h3>
Investors pulled $1.5 billion out of <a href="http://grayscale.com" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s</a> spot Ethereum ETF (a conversion of ETHE) in the first few days of trading, indicating considerable net withdrawals. This significant withdrawal has highlighted the difficulties that the ETF is now encountering.
In contrast to the huge outflows seen by the Grayscale Ethereum Trust ETF ETHE, the Grayscale Ethereum Mini Trust ETF (ETH) saw the opposite pattern. The Mini Trust ETF received $44.94 million in new capital on July 26th. This boosts the Grayscale Ethereum Mini Trust ETF’s total net inflow to $164 million, showing that investors have faith in this smaller-scale trust.
On the other hand, the BlackRock ETF ETHA had the highest single-day net inflow of $87.2178 million for an Ethereum spot ETF on July 26. With this increase, ETHA’s overall net inflow has reached a remarkable $442 million.
Both BlackRock’s dominance in the market and the great level of demand in their Ethereum spot ETF are shown by this influx. At the time of writing, <a href="https://thenewscrypto.com/u-s-spot-ethereum-etfs-experience-152m-net-outflows/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> is trading at $3266, up 0.40% in the last 24 hours as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/uniswap-team-makes-massive-uni-deposits-amid-recovery-signs/" target="_blank" rel="noopener noreferrer nofollow">Uniswap Team Makes Massive $UNI Deposits Amid Recovery Signs</a>

Spot Ethereum ETF Witnesses Massive Outflows, Led by Grayscale’s ETHE

Table of Contents

TheNewsCrypto

Egyéb ezen a dátumon (2024. júl. 27.) megosztott cikkek

Trump Boosts Bitcoin at 2024 Conference

Coinbase UK Faces Record £3.5M Fine for Financial Crime Breaches

Best Memecoins to Buy as Crypto Market Turns Bullish

Avalanche Price Rally Sees Notable Uptick Amid Market Rebound

Ledger launches new hardware wallet with touchscreen feature, Ledger Flex

Analyst Predicts BTC Pullback to $66.4K Before Rallying to $69.2K; Find Out How

Join our free newsletter for daily crypto updates!