Post: ETH price is strong, Grayscale ETH ETF funds are outflowing significantly!!

Despite the continued rise in Ethereum (ETH) prices, Grayscale Ethereum Trust ETF (ETHE) is facing a large outflow of funds. Data shows that ETHE has a recent net outflow of up to $356 million, which has attracted widespread attention and discussion in the market.

ETH price rises against the trend

After a brief correction, Ethereum prices rebounded quickly and stabilized at around $3,250. Despite the strong market performance, ETHE's performance was not satisfactory, showing that investors lack confidence in the fund.

ETF market turbulence, ETHE leads outflows

On July 25, the outflow of Ethereum spot ETF reached $152.3 million. Although the market rebounded on July 26 and the inflow reached $194.2 million, ETHE still faced huge redemptions. Data shows that on July 26, the U.S.-listed spot Ethereum ETFs had a net outflow of $162.7 million, of which ETHE had an outflow of $356.3 million, an increase of about $10 million from the previous day.

Fee issues and market competition

ETHE saw an outflow of more than $1.5 billion in just four days, a trend that exposes the challenges facing the fund. Compared with other funds with an average fee of 0.25%, ETHE's high fee of 2.5% is particularly expensive. This high fee may reduce the attractiveness of investors and make them choose other ETFs with lower costs.

Other funds performed well

In sharp contrast to ETHE's performance, Grayscale Mini Trust ETF (ETH) ranked second in net inflows, totaling $44.9 million. BlackRock's ETHA took the largest market share with an inflow of $87.2 million, while Fidelity's FETH attracted $39.3 million in investment. Franklin Templeton's EZET attracted $6.2 million in funds, while VanEck's ETHW, Invesco's QETH and 21Shares' CETH saw no inflows.

Despite the overall negative flows, the movement of these funds did not have a significant impact on the price of Ethereum. The price of ETH still rose 0.59% to $3,276 on July 26. For investors, the current market volatility and the difference in fees between ETFs need to be carefully weighed.

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