---
title: "Grayscale Ethereum ETF bleeds Thursday, outflows exceed $1 billion since debut"
url: https://diffcoin.com/grayscale-ethereum-etf-bleeds-thursday-outflows-exceed-1-billion-since-debut/
description: "Grayscale Ethereum ETF saw over $1 billion in net outflows after three trading days, offsetting overall inflows into Ethereum ETFs."
published: 2024-07-26
updated: 2024-07-26
author: "Mila"
site: "Diffcoin"
---

# Grayscale Ethereum ETF bleeds Thursday, outflows exceed $1 billion since debut

### Key Takeaways

- Grayscale’s Ethereum ETF saw $346 million in net outflows on its third day of trading.
- BlackRock’s iShares Ethereum Trust led the pack with $71 million in inflows.

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Grayscale’s Ethereum ETF (ETHE) ended Thursday with $346 million in net outflows, extending its losses to $1.1 billion within three trading days since its conversion, data from Farside Investors reveals. After the third trading day, ETHE’s assets under management plummeted from over $9 billion to $7.4 billion, a remarkable decline since the launch of US spot Ethereum ETFs.

Source: Farside Investors

In contrast, BlackRock’s iShares Ethereum Trust (ETHA) led inflows on Wednesday, attracting approximately $71 million. Grayscale’s Ethereum Mini Trust (ETH), a spinoff of Grayscale’s ETHE, followed with over $58 million in net inflows. ETH has consistently attracted new capital since its conversion.

Other funds, including Fidelity’s Ethereum Fund (FETH), Bitwise’s Ethereum ETF (ETHW), VanEck’s Ethereum ETF (ETHV), and Invesco/Galaxy’s Ethereum ETF (QETH), also reported inflows. The remaining ETFs saw zero flows.

Despite inflows to eight Ethereum ETFs, the combined net outflow for all nine funds on Wednesday reached $152 million, the largest since their trading debut on July 23. This outflow was largely driven by Grayscale’s ETHE.

![Sapphire](https://static.cryptobriefing.com/wp-content/uploads/2024/03/18060845/600x500.jpg)

ETHE’s 2.5% fee makes it a considerably expensive option for investors who are looking to get exposure to Ethereum. Investors have been selling their ETHE shares and moving to lower-fee newcomers. The situation, however, is not entirely unexpected with the experience of Grayscale’s Bitcoin ETF (GBTC). The fund’s outflows topped $5 billion after the first trading month, according to data from Bloomberg.

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