Coinspeaker
Grayscale Ethereum Trust Ends Outflows as Ethereum Layer 2 Activity Surges
The Grayscale Ethereum Trust (ETHE) saw its first day without net outflows on August 12, 2024, following its conversion to a spot ETF on July 23. This event coincided with a notable increase in on-chain activity across the Ethereum ecosystem, suggesting a potential shift for the struggling fund.
Since its inception, ETHE has faced considerable challenges, losing nearly $2.3 billion in Ether — over 25% of its original $9 billion in holdings. In contrast, Grayscale’s Bitcoin Trust (GBTC) took almost four months to reach a similar milestone without outflows.
The halt in ETHE outflows aligns with a marked rise in activity on the Ethereum network and its layer 2 solutions, indicating a possible resurgence of investor confidence in the Ethereum ecosystem.
Ethereum DEXs Surge with Layer 2 Growth
Data from DefiLlama indicates a positive trend in decentralized exchange (DEX) trading volumes o
We współpracy z: https://www.coinspeaker.com/grayscale-ethereum-trust-ends-outflows/
