According to TechFlow, on July 25, James Butterfill, head of research at CoinShares, said that the Ethereum spot ETF attracted $801 million in inflows within two days of its listing, excluding seed funds transferred from Grayscale ETHE to the Mini Trust ETH ETF. This was a very positive start. However, Grayscale ETHE experienced an outflow of $820 million, resulting in an overall net outflow of $19 million.