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Grayscale Ethereum Trust Sees Over $1.5 Billion in Withdrawals

27.07.2024 15:00 1 min. read Alexander Stefanov
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Grayscale Ethereum Trust Sees Over $1.5 Billion in Withdrawals

Grayscale's Ethereum Trust ETF (ETHE) experienced significant withdrawals, with over $1.5 billion pulled out recently, including $356 million in a single day on July 26.

Recent data highlights that July 26 was particularly unstable for spot Etherum ETFs, which saw net outflows of $163 million.

Since the U.S. debut of spot ETH ETFs on July 23, Grayscale’s newly converted Ethereum Trust has faced substantial outflows, totaling more than $1.5 billion.

However, Grayscale’s Ethereum Mini Trust ETF had a positive turn, recording a $44.9 million inflow on July 26, bringing its total to $164 million.

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In contrast, BlackRock’s iShares Ethereum Trust ETF attracted the most attention, with an $87.2 million inflow on July 26, totaling $442 million overall.

Currently, the total net asset value of all spot ETH ETFs stands at $9.2 billion. Despite these figures, the cumulative net outflow for these ETFs has hit $341 million.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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