Grayscale Ethereum ETF outflows exceed $2B
While Grayscale’s spot Ether ETF experienced substantial outflows, other ETFs are showing different trends.
United States-based spot Ether exchange-traded funds (ETFs) saw significant movements on Aug. 2, with outflows from the Grayscale Ethereum Trust (ETHE) hitting $2.1 billion.
According to data from SoSoValue, the total net outflows from spot Ether (ETH) ETFs exceeded $54 million on Aug. 2. A significant portion of the outflows came from ETHE, which saw a single-day net outflow of over $61 million.
ETHE has been a prominent player in the market offering investors exposure to Ethereum without the need to directly purchase and store the cryptocurrency since 2017.
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Author: Amaka Nwaokocha
