Ethereum

<a href="https://optimisus.com/news/crypto-news/the-grayscale-ethereum-trust-ethe-has-lost-more-than-800-million/" rel="noopener noreferrer nofollow">Grayscale's Ethereum ETF (ETHE)</a> lost over $1 billion in three trading days after its conversion, lowering assets under management from $9 billion to $7.4 billion.  
Inflows were led by BlackRock's iShares Ethereum Trust (ETHA), which attracted $71 million and followed by Grayscale's Ethereum Mini Trust (ETH), a spinoff of Ethereum Trust.  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/FarsideUK/status/1816597311406936402
 </div>
</figure>  
Fidelity's Ethereum Fund (FETH), Bitwise's Ethereum ETF (ETHW), VanEck's Ethereum ETF (ETHV), and Invesco/Galaxy's QETH all saw inflows. A $152 million net outflow for the nine funds was the highest since their July 23 trading debut.  
ETHE's 2.5% charge makes Ethereum exposure expensive, so investors sell ETHE shares and switch to lower-fee newcomers. Grayscale's Ethereum Mini Trust, one of the lowest-cost spot Ethereum funds in the US, has a 0.15% charge and may help avoid déjà vu.  
Currently, Ethereum&nbsp;is trading at $3,262.08 with a 24-hour trading volume of $21,116,074,568.&nbsp;This means Ethereum is up 2.75% in the last 24 hours after falling to around $3,100. 
The post <a href="https://optimisus.com/news/crypto-news/grayscale-ethereum-etf-sees-over-1-billion-in-outflows-since-its-debut/" rel="noopener noreferrer nofollow">Grayscale Ethereum ETF sees over $1 billion in outflows since its debut</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Grayscale Ethereum ETF sees over $1 billion in outflows since its debut

Optimisus

Other articles published on Jul 26, 2024

Shiba Inu Community Receives Alerts On Phishing Scams

Bitcoin Conference: Donald Trump Refuses To Debate With Kamala Harris

Ethereum Classic News: Can ETC Price Reach $50?

Cardano’s Voltaire Era Arrives: Chang Hard Fork Initiated with Node 9.1.0

Injective Welcomes USDM: Yield-Bearing Stablecoin Launches

Jupiter Launches New Ecosystem Token API for Solana DEX

Join our free newsletter for daily crypto updates!