Ethereum

United

Billion

Outflows from the <a href="https://etfs.grayscale.com/ethe" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Grayscale Ethereum Trust</a> ETF (ETHE) have surpassed $1.5 billion, with a notable single-day net outflow of $356 million on July 26.
This day marked significant volatility for spot Ether exchange-traded funds (ETFs), which experienced total net outflows of $163 million, according to SoSo Value.
Since the launch of spot Ether ETFs in the United States on July 23, Grayscale’s Ethereum Trust ETF has seen substantial investor withdrawals totaling over $1.5 billion.
In contrast, Grayscale’s Ethereum Mini Trust ETF (ETH) has experienced a different trend. On July 26, it recorded a net inflow of $44.9 million, bringing its total net inflows to $164 million since its inception.
BlackRock’s iShares Ethereum Trust ETF (ETHA) has garnered the most investor interest among these ETFs. On July 26, ETHA reported a net inflow of $87.2 million, boosting its total net inflows to $442 million.
READ MORE: <a href="https://www.cryptointelligence.co.uk/3am-japan-and-intmax-announce-new-partnership-to-deliver-web3-loyalty-programs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">3AM JAPAN and INTMAX Announce New Partnership to Deliver Web3 Loyalty Programs</a>
Currently, the total net asset value of spot Ether ETFs stands at $9.2 billion.
The ETF net asset ratio, which indicates the market value of ETFs 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.
The introduction of these Ethereum ETFs follows the U.S. Securities and Exchange Commission’s approval in May, with eight investment firms launching nine new funds that track the cryptocurrency’s spot price on July 23.
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

Grayscale Ethereum Trust ETF Sees $1.5 Billion Outflow Amid Volatile Market Trends

Crypto Intelligence

Các bài viết khác được xuất bản trên 28 thg 7, 2024

Starknet and Informal Systems Partner for Blockchain Interoperability

Teen Among Four Arrested in HK$11M Hong Kong Crypto Fraud Bust

Meme Coin FOMO FOX, Apakah Sekadar Hype Semata?

The Fed prohibits Iraq from using its dollars AND its yuans.

This New Gaming Token Could Be Set To Perform Like SAND and MANA Last Cycle With 100x Returns On ...

Technical Indicators Show Strong Bitcoin Bullishness – New ATH On The Horizon?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!