Grayscale Ethereum Trust Sheds $327 Million in a Day as ETFs See Mixed Flows

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The Grayscale ETHE withdrawals were offset by its Ethereum Mini Trust (ETH) taking in $46 million.

The much-anticipated launch of Ethereum spot ETFs has failed to ignite the market as expected, with Grayscale's Ethereum Trust ETF bearing the brunt of investor skepticism.

Wednesday saw a staggering $133 million net outflow from ETH spot ETFs, with the Grayscale Ethereum Trust (ETHE), which was converted to a spot ETF on Tuesday, hemorrhaging $327 million, according to data from SoSo Value.

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