Grayscale ETF ETHE Will Outflow 50% Within November 20

ETH ETF continues to witness hurdles as ETH managed by Grayscale ETHE has decreased by 31% in 28 trading days, and ETHE had a net outflow of $5.35 million yesterday, on August 29. Trader T has estimated on X, that that ETHE will outflow 50% within 108 days (November 20), but the market is not active at present and the trading volume is extremely low.

As for overall  ETH ETFs outflow on August 29, it was reported at $1.77M. Grayscale mini ETH had a net inflow of US$3.6 million. The total net assets has been amounting to $7.03Billion, which is 2.30% of Ethereum Market Cap.

Grayscale ETF ETHE Will Outflow 50% Within November 20: ETF ReportGrayscale ETF ETHE Will Outflow 50% Within November 20: ETF Report
Courtesy: @pivfund2100

Grayscale ETH ETFs have seen constant outflows as opportunistic traders who purchased ETHE shares at a discount are realizing a profit on their trades and selling them off, as reported in our July-August report. Thus, once the outflow is balanced, ETH ETFs can witness prolonged flows over time.

When it comes to Bitcoin ETFs, Grayscale GBTC had a net outflow of US$22.7 million yesterday, Bitwise’s BITB had a net outflow of US$8.1 million, and ARK’s ARKB had a net inflow of US$5.3 million. Bitcoin ETFs saw a daily net outflow of 56.54M as of August 29.

At the time of publishing, BlackRock’s ETF’s data remains out of date.

Also Read: Franklin Templeton Files for Crypto Index ETF with SEC Approval

Source: https://www.cryptonewsz.com/grayscale-ethe-etf-outflow-50-by-november20/