The Grayscale Ethereum Mini Trust ETF (ETH) experienced a contrasting trend compared to its counterpart. On July 26th, the Mini Trust ETF attracted a staggering $44.94 million in new capital. In stark contrast, the Grayscale Ethereum Trust ETF (ETHE) suffered a record net outflow of $1.514 billion, showcasing a surprising development in the cryptocurrency market.
According to data from SoSoValue, Spot Ethereum ETFs had an eventful day on July 26th. The overall trend of investors withdrawing their investments from Ethereum spot ETFs was confirmed by a net outflow of $163 million on that specific day.
Significant net outflows were observed as investors withdrew $1.5 billion from Grayscale’s spot Ethereum ETF (a conversion of ETHE) during the initial trading days. This substantial withdrawal has shed light on the challenges faced by the ETF.
In contrast to the significant outflows experienced by the Grayscale Ethereum Trust ETF (ETHE), the Grayscale Ethereum Mini Trust ETF (ETH) witnessed the opposite pattern. On July 26th, the Mini Trust ETF attracted $44.94 million in new capital. This boosts the total net inflow of the Grayscale Ethereum Mini Trust ETF to $164 million, demonstrating the investors’ faith in this smaller-scale trust.
On the other hand, the BlackRock ETF ETHA had the highest single-day net inflow of $87.2178 million for an Ethereum spot ETF on July 26th. With this surge, ETHA’s overall net inflow has reached an impressive $442 million.
This influx highlights both BlackRock’s dominance in the market and the high demand for their Ethereum spot ETF. At the time of writing, ETH is trading at $3266, indicating a 0.40% increase in the last 24 hours, according to data from CMC.
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