Ethereum

Spot

BlackRock

Outflows from the Grayscale Ethereum Trust ETF (ETHE) have reached over $1.5 billion, with net outflows of $356 million in a single day on July 26.
<a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener nofollow">According</a> to data from SoSo Value, July 26 proved to be a particularly volatile day for spot Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) exchange-traded funds (ETFs), with total net outflows amounting to $163 million.
Grayscale’s newly converted Ethereum Trust ETF has witnessed significant net outflows, with investors withdrawing over $1.5 billion since spot Ether ETFs launched in the United States on July 23.
<h3 data-ct-non-breakable="true" id="grayscale-s-mixed-fortunes">Grayscale’s mixed fortunes</h3>
On the other hand, Grayscale’s Ethereum Mini Trust ETF (ETH) saw a contrasting trend. On July 26, the ETF recorded a net inflow of $ 44.9 million. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/abc2b7cd-60e8-4283-b79b-0c0ee5a4f461.png" alt="Grayscale Ethereum Trust ETF net outflows hit $1.5B" title="">
 <figcaption style="text-align: center;">
 Ethereum ETF flows on July 26.&nbsp; Source: SoSo Value
 </figcaption>
</figure>
This brings the total net inflows to the Grayscale Ethereum Mini Trust ETF to $164 million since it launched.
However, it is BlackRock's iShares Ethereum Trust ETF (ETHA) that has attracted the most investor interest. ETHA had a net inflow of $87.2 million on JUly 26, pushing total net inflows to $442 million. 
Related: <a href="https://cointelegraph.com/news/spot-ethereum-etfs-are-coming-but-eth-derivatives-markets-are-flat">Spot Ethereum ETFs are coming, but ETH derivatives markets are flat</a>
<h3 data-ct-non-breakable="true" id="market-context">Market context</h3>
The total net asset value of spot Ether ETFs currently stands at $9.2 billion. The ETF net asset ratio, which represents ETFs’ market value relative to Ethereum’s total market value, is at 2.36%. Despite these figures, the historical cumulative net outflow for spot Ether ETFs has reached $341 million.
On July 23, <a href="https://cointelegraph.com/news/grayscale-confirms-ethereum-etfs-begun-trading-nyse">eight investment firms introduced</a> nine new Ethereum exchange-traded funds that track the cryptocurrency’s spot price&nbsp;<a href="https://cointelegraph.com/news/spot-ethereum-etfs-begin-trading-sec-approval">following their initial greenlight</a> from the US Securities and Exchange Commission in May.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/bitcoin-price-ethereum-etf-thomas-fahrer/">Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame</a>

Grayscale Ethereum Trust ETF net outflows hit $1.5B

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