Since Grayscale’s “Grayscale Bitcoin Trust Fund (GBTC)” was converted into an ETF in January, it has been frequently withdrawn by investors and suffered heavy losses. Now, the “Grayscale Ethereum Trust Fund (ETHE)” seems to be following suit. Looking at the performance of the 20 cryptocurrency spot ETFs in the United States on July 24, GBTC and ETHE were the only funds that experienced net outflows of funds. They can really be said to be a pair of "suffering brothers."
9 Ethereum spot ETFs saw net outflows of US$130 million
According to data from SosoValue, on July 25, Eastern Time, nine Ethereum spot ETFs in the United States recorded a net outflow of US$133.16 million, of which FETH launched by Fidelity led the way with a net inflow of US$74.46 million; Grayscale Ether Coin Mini Trust (ETH) followed with $45.93 million.
Bitwise's ETHW and VanEck's ETHV each attracted $29.64 million, while BlackRock's ETHA received a net inflow of $17.44 million.
As for Grayscale ETHE, it recorded a net outflow of US$326.86 million, becoming the only Ethereum spot ETF to experience withdrawals that day.
11 Bitcoin spot ETFs saw net inflows of more than $40 million
At the same time, according to SosoValue data, the 11 U.S. Bitcoin spot ETFs had a total net inflow of US$44.51 million on July 25. Grayscale GBTC was also the only Bitcoin ETF to be sold, with a net outflow of US$26.22 million.
The first Bitcoin spot ETF, BlackRock IBIT, received a net inflow of US$65.99 million, ranking first among other funds; followed by ARKB jointly launched by ARK Invest and 21Shares, with a net inflow of US$3.29 million; Fidelity FBTC Obtained a net inflow of US$1.44 million.
CoinGecko market data shows that Ethereum fell 8% to $3,171 in the past 24 hours; Bitcoin fell 2.8% to $64,185.
"The only two losers of the "two stocks" of US cryptocurrency spot ETFs: Grayscale GBTC and ETHE become "suffering brothers" > This article was first published on "Block Guest".