Grayscale’s Ethereum ETF has seen substantial outflows, nearing $2.3 billion since its inception.
The total Ethereum ETF inflow stands at $98.30 million.
While the global crypto market turned to recovery, Ethereum exchange-traded funds (ETFs) in the United States displayed notable activity. On Wednesday, BlackRock’s fund saw a significant net inflow of around $110 million, contributing to a positive trend for Ethereum ETFs.
For two consecutive days, U.S.-based spot Ether ETFs have recorded substantial inflows, with Tuesday marking the second-highest inflow since their inception. Approximately $98.30 million was added to these funds, although they collectively remain in the red with a net deficit of $363 million, largely due to significant withdrawals from Grayscale’s Ethereum Trust.
Ethereum ETF’s Net Inflow (Source: Sosovalue)
On Tuesday, the influx of $98.30 million was primarily driven by BlackRock’s ETHA fund, which secured $109.89 million, followed by Fidel
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