Ethereum

Franklin

United

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-withdraw-from-ethereum-etfs-in-the-united-states/" data-wpel-link="internal">Investors Withdraw from Ethereum ETFs in the United States</a> 
Significant movements occurred in United States-based spot <a href="https://en.coin-turk.com/ethereum-etf-approval-could-benefit-solana/" data-wpel-link="internal">Ethereum</a> exchange-traded funds (ETFs) on August 2, with exits from the Grayscale Ethereum Trust (ETHE) surpassing $2.1 billion. According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provided by SoSoValue, total net outflows from spot Ethereum ETFs exceeded $54 million on August 2. ETHE, which topped the list of daily net outflows, saw exits of over $61 million. 
<h2 style="text-align: justify" id="grayscale-ethereum-etf">Grayscale Ethereum ETF</h2> 
Since 2017, ETHE has offered <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> the ability to trade in Ethereum without the need to directly purchase and store the cryptocurrency, positioning it as one of the market pioneers. While exits from ETHE increased, other spot Ethereum ETFs showed a different trend. The Grayscale Ethereum Mini Trust ETF (ETH) maintained its current net inflows of $201 million without any exits. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-376750" src="https://coin-turk.com/wp-content/uploads/2024/08/eth-soso-coin-turk-com.png" alt="" width="958" height="296"> 
On the other hand, the Fidelity Ethereum Fund (FETH) had a positive day. FETH saw visible inflows of over $6 million yesterday. Following the capital inflow, FETH’s total net inflows rose to $297 million. 
Similarly, the Franklin Ethereum ETF (EZET) experienced net daily inflows of just over $1 million, resulting in positive inflows. The total net inflows increased to $30.6 million. 
<h2 style="text-align: justify" id="overall-situation">Overall Situation</h2> 
As of August 3, the total net value of spot Ethereum ETFs was $8.3 billion. When comparing the market value of Ethereum held in ETFs to ETH’s total market value, the ETF net asset ratio currently stands at 2.29%. 
The cumulative net outflows from spot Ethereum ETFs have exceeded $511 million since transactions began on July 23. 
On the other hand, daily net inflows into spot Ethereum ETFs were positive on August 1. ETFs hosted a net positive flow of $26.7 million, driven by an inflow of $89.6 million into BlackRock’s iShares Ethereum Trust (ETHA). 
ETH has experienced a decline of approximately 5.71% since the introduction of ETFs to the market. As of the time of writing, the price of ETH was $2,990, indicating a 5.71% drop from the previous day. This decline brought a volume of $359 billion. 
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Investors Withdraw from Ethereum ETFs in the United States

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