Reported 3 months ago
The newly launched Ethereum ETFs in the U.S. faced $340 million in outflows during their first week, as investors withdrew funds from a high-fee legacy product converted into an ETF. While investors shifted their assets, the new ETFs attracted $1.17 billion within just four trading days, with major inflows noted for funds by BlackRock, Bitwise, and Fidelity. Meanwhile, Grayscale's fund suffered a loss of $1.5 billion, leading to increased interest in their new Ethereum Mini Trust, which has a lower fee structure.
Source: YAHOO