Ethereum ETFs See Record Outflows as Bitcoin ETFs Continue to Attract Investments

Grand News Network | August 23, 2024

Withdrawals from the spot Ether ETFs in the US are high different from the Bitcoin ETFs which are still gaining more investments.
Eth-based spot ETFs listed in the United States have reported redemptions for the fifth day in a row, the longest daily shedding streak since their debut on July 23.
Nearly all the funds flowing into the recently launched nine spot Ether ETH tickers down $2,638 ETFs have been erased by outflows from the Grayscale Ethereum Trust (ETHE), which have crossed over $2. $ 5 billion as of Aug. 21.

Redemptions from ETHE have been daily, although there were none recorded on the 12th of August based on Farside Investors daily net asset update of the Grayscale fund.
As written above, spot Ether ETFs have marked their longest stretch of outflows with a worth of $92. Mobile users generated $2m in five days from August 15 to 21.

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