On the first day, Grayscale Ethereum Trust saw a outflow of 484 million USD (close to 5% of AUM), with a small amount (15 million USD) flowing back to the low management fee Grayscale Ethereum Trust Mini.
TL;DR (provided by Blockonomi)
- Grayscale’s Ethereum ETF (ETHE) saw $484 million in outflows on its first day of trading.
- BlackRock’s Ethereum ETF (ETHA) led with $265 million in inflows.
- The total trading volume for Ethereum ETFs on day one was $1 billion.
- Grayscale’s ETF has a high expense ratio of 2.5%, while competitors offer lower fees.
- The Ethereum price remained stable around $3,450 during the ETF launches.
Please monitor your positions carefully, and only invest with what you can afford to lose 😆 TNFA
https://cryptobriefing.com/grayscale-ethereum-etf-outflows-first-day/
https://blockonomi.com/484-million-outflow-from-grayscales-ethereum-trust-on-etf-launch-day/ Show Less