Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale's converted Ethereum Trust ETF posted a net outflow of over $800 million.
is down over 7.5% in the first hours of East Asia's business day, trading hands above $3100 as the market continues to be concerned about outflows from Grayscale's converted Ethereum Trust ETF {{ETHE}}.
Market data from SoSoValue shows that ETHE had a net outflow of over $810 million. This is similar to the first weeks of Grayscale other major crypto trust, GBTC,Most of the other ETH ETFs continued in the green for flows during the Wednesday session, with BlackRock's ETHA leading the pack with $283.9 million for inflow, followed by Bitwise's ETHW, which registered $233.6 in inflow, and in third place Fidelity's FETH that clocked $145.7 million in inflow.
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