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Spot Ethereum exchange-traded funds, or ETFs,
had seven consecutive days of outflows shedding over $5.7 million in
assets on Friday, Aug. 23, bringing the cumulative figure to $464
million, data by SoSoValue shows
Cumulative net assets locked in these Ethereum (ETH) ETFs stand at about $7.65 billion.
The Grayscale Ethereum Trust has $5 billion
followed by the Grayscale Mini Ethereum Trust with $1.01 billion. It is
followed by ETFs from Blackrock, Fidelity, Bitwise, and VanEck
The opportunity cost
The other reason why Ethereum ETFs are struggling is the opportunity of holding them vis-a-vis buying Ether
Buyers of the cheapest Ether ETF â Grayscale Mini Ethereum â will pay
a small expense ratio of 0.15%. However, they will also avoid making
money through staking
Data by StakingRewards shows that Ethereum yields about 3% or $300 if you invest $10,000 in it
