According to BlockBeats, data from Farside Investors on August 9 revealed that Grayscale ETHE experienced a net outflow of $19.8 million yesterday. This marks the first time since its launch that the daily net outflow has fallen below $20 million.

Since being approved for conversion to an ETF, Grayscale ETHE has seen a cumulative net outflow of $2.254 billion. However, the scale of daily outflows is showing a clear downward trend.