Ethereum spot ETF Had Total US$152,700 Net Outflow

Bittime - Net outflows from Ethereum spot ETFs reached US$152,700 on September 5, 2024. The Grayscale Ethereum Trust experienced significant outflows, while the Grayscale Ethereum Mini Trust saw inflows. Check out the latest complete analysis of the Ethereum ETF market here.

Ethereum Spot ETF Had Total US$152,700 Net Outflow

The latest report from Shenzhen TechFlow, citing data from SoSoValue, shows that on September 5, 2024 (Eastern Time), the Ethereum spot ETF recorded a net outflow of US$152,700.

This data shows recent changes in the Ethereum ETF market, which is still a major concern in the crypto industry.

Major ETF Ethereum Movement

One of the largest ETFs, Grayscale Ethereum Trust (ETHE), had daily net outflows of US$7.3895 million. 

That brings ETHE's historical net outflows to US$2.661 billion, suggesting that institutional investors may still be somewhat skeptical of Ethereum.

However, in contrast to the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust (ETH) recorded a net inflow of US$7.2368 million in one day.

This shows that investors are interested in smaller and cheaper Ethereum products. Grayscale Ethereum Mini Trust's total net inflows have reached US$250 million so far.

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Total Net Asset Value and Asset Ratio

To show how important Ethereum ETFs are in the overall Ethereum market, the ETF's net assets ratio, which measures the proportion of an ETF's market value to Ethereum's total market value, was at 2.28% at press time.

Cumulative Net Outflows

Overall, cumulative net outflows from Ethereum spot ETFs over the years have reached US$562 million, indicating that investors are still quite active in structuring their portfolios in the Ethereum sector despite varying inflows and outflows.

Conclusion

The Ethereum ETF market is undergoing major changes. The net outflow from large ETF products such as the Grayscale Ethereum Trust suggests that some institutional investors are still skeptical of Ethereum.

Meanwhile net inflows into the Grayscale Ethereum Mini Trust show growing interest in smaller, cheaper products. 

Although total net outflows from Ethereum spot ETFs reached US$562 million, the market remained active and investors continued to shift their portfolios. 

As shown by the ratio of ETF net assets to Ethereum's total market value of 2.28%, ETFs are very important in the Ethereum ecosystem.

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