ETH ETF Sees Massive Outflows Since Launch

According to Odaily, Deribit’s Head of Asia Pacific Business, Lin Chen, recently shared on X that the ETH exchange-traded fund has been seeing net outflows. Since its launch, the fund has only seen net inflows for eight days, with the remaining days marked by net outflows. The total outflows amount to around $481 million, equivalent to 143,236.49 ETH.

However, the outflow volume has decreased significantly over the past two weeks. Today, ETHE saw an outflow of just 1,547.24 ETH, a significant decrease compared to previous weeks