Ethereum spot ETF was officially listed and traded last night, and various trading data continued to be released after the close of this morning. According to HODL15 Capital monitoring data, Grayscale's Ethereum fund ETHE had an outflow of US$484 million (close to 5% of AUM) on the first day, of which a small amount (US$15 million) flowed into the Grayscale Ethereum Mini Fund after reducing management fees.
Ethereum's price continued to fall after the opening, and fell below the 3,400 mark around 1 a.m., with a minimum of US$3,389.
At present, the Ethereum spot ETF can be said to be similar to the situation of the Bitcoin spot ETF after it was just passed. Grayscale's GBTC has been under net outflow selling pressure for a long time due to profit-taking and the need to switch to lower fees. At present, ETH may also replicate this situation for a period of time, and the price may fall further or continue to fluctuate.
According to Sosovalue data, the selling pressure of the Bitcoin spot ETF when it was just passed lasted for about two weeks, and the overall net assets turned positive from net outflow. This time, letâs see whether the Ethereum spot ETF will be shorter or last longer.
