Krutika Adani
Grayscale Ethereum ETF had reached a low of $40 million net outflows yesterday.
In the last two weeks since launch, the ETF has lost $2.2 billion in outflows. This severe outflow caused a dent in Ethereum’s price too.
Grayscale’s ETF has a 6x higher price than other ETFs at 1.5%. This has caused investors to switch to other ETFs.
Other than Grayscale, all other Ethereum ETFs saw positive inflows in the last two days.
With fewer outflows from the Ethereum ETFs, Ethereum's price is stable at around $2.5k.