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