Grayscale Disruptions Fail to Deter Ethereum ETF Momentum

Ethereum ETFs experienced a net outflow of $24.29 million on September 8, with Grayscale's ETHE and Grayscale Ethereum Mini Trust accounting for most of the losses.

The Grayscale Ethereum Mini Trust lost $24.61 million, while ETHE saw a loss of $9.57 million. In contrast, Fidelity's FETH added $9.89 million to its assets during this period.

This outflow is a temporary disruption to the upward trend in Ethereum ETF flows, which had seen strong inflows of over $1 billion in just two weeks prior to September 8. The total Ethereum ETF assets reached approximately $15.6 billion as of that date.

The recent outflow is small compared to other Ethereum ETFs, with Fidelity's FETH adding nearly four times the amount lost by Grayscale's ETHE and Mini Trust combined.