Investors Withdraw $2 Billion from Grayscale’s Ethereum ETF

Investors have pulled nearly $2 billion from Grayscale's Ethereum ETF (ETHE) since it transitioned from a trust, with the fund's value now at $6.7 billion due to declining Ethereum prices.

On Wednesday alone, ETHE saw $133 million in withdrawals, though this wasn’t its largest single-day outflow, which was $484 million on its debut.

In contrast, the Grayscale Ethereum Mini Trust (ETH) has seen a positive inflow trend, with $19.5 million added on Wednesday, bringing total inflows to over $200 million.

ETH offers a lower management fee of 0.15%, compared to ETHE’s 2.5%, positioning it as the most cost-effective Ethereum ETF.

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Traders Boost Bullish Bitcoin Bets Ahead of U.S. Election

Grayscale’s new Bitcoin Mini Trust (BTC), launched yesterday and has already attracted $18 million.

This fund, which also has a 0.15% fee, aims to offer a cheaper alternative to the existing Bitcoin Trust (GBTC) and alleviate some of the selling pressure on GBTC by reallocating some of its assets.

Alexander Stefanov

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.