Grayscale's Ethereum ETF (ETHE) is back in the spotlight, losing $346 million on July 25, bringing its total losses to $1.1 billion in three days. 📉

- ETHE's assets under management fell from $9 billion to $7.4 billion after converting to a spot fund.

- At the same time, BlackRock’s iShares Ethereum Trust (ETHA) raised $71 million, and the new Ethereum Mini Trust (ETH) raised $58 million.

Despite inflows to other funds, total net outflows were $152.4 million.