Ethereum Spot ETFs Face Significant Net Outflows: Grayscale and Invesco ETFs Show Diverging Trends

According to recent data from SoSoValue, Ethereum spot ETFs experienced a significant total net outflow of $10.93 million on November 1, 2023. Notably, the Grayscale Ethereum Trust ETF (ETHE) recorded a substantial single-day outflow of $11.43 million, bringing its cumulative net outflow to $3.13 billion. In contrast, the Grayscale Ethereum Mini Trust ETF maintained stability, registering no outflow for the day and a net inflow of $303 million historically. Meanwhile, the Invesco ETF QETH emerged as a standout performer, attracting a single-day net inflow of $502,200, with total historical inflows reaching $25.82 million. Currently, the overall net asset value for Ethereum spot ETFs stands at $6.94 billion, translating to a net asset ratio of 2.29% against the total market value of Ethereum, while historical net outflows have accumulated to $491 million.

Source: https://en.coinotag.com/breakingnews/ethereum-spot-etfs-face-significant-net-outflows-grayscale-and-invesco-etfs-show-diverging-trends/