Grayscale Ethereum Trust ETF net outflows hit $1.5B
Based on the present rate of outflows, ETHE’s Ether reserves could be exhausted within weeks.
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.
According to data from SoSo Value, July 26 proved to be a particularly volatile day for spot Ether (ETH) 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.
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Author: Amaka Nwaokocha
