The Grayscale Ethereum Mini Trust ETF (ETH) experienced a different trend compared to its counterpart. On July 26th, the Mini Trust ETF attracted $44.94 million in new investments. In contrast, the Grayscale Ethereum Trust ETF (ETHE) witnessed a significant net outflow of $1.514 billion, marking a surprising shift in the crypto market. This downward trend was further emphasized by a notable $356 million net outflow on the same day.
According to data from SoSoValue, Ethereum spot ETFs had a volatile day on July 26, with investors withdrawing a total of $163 million from these assets. The substantial net outflows from Grayscale’s Ethereum spot ETF (ETHE) in the initial days of trading indicated a significant withdrawal trend, highlighting the challenges faced by the ETF.
In stark contrast to the outflows experienced by ETHE, the Grayscale Ethereum Mini Trust ETF (ETH) received a boost with $44.94 million in new capital on July 26th. This positive influx brings the total net inflow for the Grayscale Ethereum Mini Trust ETF to $164 million, showcasing investor confidence in this smaller-scale trust.
Meanwhile, the BlackRock ETF ETHA witnessed the highest single-day net inflow of $87.2178 million for an Ethereum spot ETF on July 26, bringing its overall net inflow to an impressive $442 million. This surge reflects BlackRock’s strong position in the market and the high demand for their Ethereum spot ETF.
As of the current writing, ETH is trading at $3266, showing a 0.40% increase in the last 24 hours according to data from CMC.
In other crypto news today, the Uniswap team has made substantial $UNI deposits amidst signs of recovery in the market.
