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The newly launched Grayscale Ethereum Trust Exchange Traded Funds (ETHE) has experienced a significant net outflow of $1.513 billion within the first four days of trading.
Since the launch of spot Ethereum ETFs, ETHE has consistently recorded outflows, with the latest being a $356 million outflow yesterday, bringing the total outflows in the first four days of trading to $1.513 billion.
Additionally, other nine-spot Ethereum ETFs also saw a net outflow of $162.7 million yesterday, indicating a challenge in the performance of these newly launched Ether ETFs.
Despite this, some of the nine-spot Ethereum ETFs managed to record inflows, with Blackrock’s ETHA leading with an inflow of $87.2 million, reflecting the interest of institutional investors in their products.
