💰 Grayscale Ethereum ETF Sees $2B+ Outflows Amid Mixed ETF Trends
📉 Grayscale's Ethereum Trust (ETHE) has experienced over $2.1 billion in outflows, contributing to a net outflow of $54 million across US spot Ether ETFs on August 2. However, the ETF landscape shows varied trends, with some funds like Fidelity's FETH and Franklin's EZET seeing positive inflows.
🖥 Despite ETHE's outflows, Grayscale's Ethereum Mini Trust ETF maintained its $201 million net inflows. Overall, spot Ether ETFs have a total net asset value of $8.3 billion, with cumulative net outflows reaching $511 million since their July 23 debut.
Ethereum's price has fallen 5.71% since the ETFs launched, trading at $2,987 at the time of reporting.
