Ethereum ETFs Post $77.2M in Outflows
Ethereum ETFs experienced net outflows of $77.2 million on July 31.
Ethereum ETFs experienced net outflows of $77.2 million on July 31.
Grayscale Investment’s smaller version of the Grayscale Bitcoin Trust officially began trading yesterday after receiving approval from the US Securities and Exchange Commission.
Investment flows into Ethereum exchange-traded funds listed in the United States have turned positive for the first time since their launch day, thanks to a decrease in outflows from the Grayscale Ethereum Trust.
During their first week of operation, spot Ether exchange-traded funds experienced negative net flows.
The outflows from the Grayscale Ethereum Trust ETF (ETHE) have exceeded $1.5 billion, with a single day net outflow of $356 million on July 26.
US-based spot Ethereum exchange-traded funds (ETFs) have experienced a mixture of inflows and outflows.
The second day of trading for the Ethereum ETFs saw strong volume, but demand has since cooled off after a strong start.
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