Despite initial enthusiasm, spot Ethereum ETFs haven't quite met market expectations, with significant outflows overshadowing positive inflows. The on-chain holdings of Ethereum ETFs are substantial, yet they've faced a net outflow of 136,700 ETH since their launch, a drag largely due to Grayscale's ETHE. Ethereum's price has reacted predictably, dropping sharply post-launch before finding some stability. With the market showing cautious optimism and BlackRock's iShares Ethereum Trust leading inflows, analysts are watching closely for one key factor that could turn the tide...
Grayscale outflows overshadow Ethereum ETF inflows
Grayscale's massive outflows dampened the early excitement for Ethereum ETFs.
3 min read
Updated: Aug. 20, 2024 at 11:10 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
