Ether experiences fluctuations with institutional outflows reaching $11.3 million; however, Grayscale's ETHE product remains attractive to investors despite the trend.
Grayscale ETH experiences a $2.2 million inflow, while ETHE faces an $8.2 million outflow, according to BlockBeats.
BlackRock has surpassed Grayscale to become the largest digital asset fund manager, with over $22 billion in assets. Grayscale holds nearly $21 billion. Significant inflows to BlackRock and outflows from Grayscale's ETHE contributed to this shift.
Grayscale's ETHE Ethereum Trust lost $2 billion in just nine trading days. U.S. spot Ethereum ETFs also saw significant outflows, losing $54.27 million on Friday after a $26.7 million inflow on Thursday.
Grayscale Ethereum Trust lost $327 million in a day, while its Ethereum Mini Trust gained $46 million.
Grayscale faces criticism over its 2.5% Ethereum Trust fee, while BlackRock launches a cheaper Ethereum ETF. Analysts predict potential outflows from Grayscale to BlackRock's offering.
The SEC may be reconsidering Ethereum ETFs, as suggested by shifts in the Grayscale Ethereum Trust (ETHE) discount, hinting at a change in investor sentiment.
Grayscale's Ethereum Trust (ETHE) sees its discount to NAV reach -6.7%, the lowest since 2021, due to optimism about a potential Ethereum ETF getting SEC approval.
Grayscale's GBTC has experienced four successive days of inflows, totaling $72.5 million, indicating a possible recovery, contrasting with rising outflow worries for its ETHE fund.
Grayscale retracted its Ethereum Trust (ETHE) ETF listing application due to doubts about the SEC's approval. Bloomberg analyst James Seyffart is puzzled by the decision.
