Grayscale's Ethereum Funds Diverge as US Spot ETFs See Modest Net Inflow

US spot Ethereum ETFs saw a combined net inflow of $2.5 million on their most recent trading day, according to daily flow data tracked by Farside Investors.

This modest figure masked a notable split between individual issuers: Grayscale's original ETHE product gained $4.3 million in inflows, while its lower-fee Mini ETH fund lost $4.1 million to outflows on the same day.

The divergence within a single issuer's product lineup illustrates a pattern that has persisted since Grayscale launched its Mini ETH fund as a cheaper alternative: some investors continue holding or adding to the legacy fund even as others migrate toward the lower-cost option, producing offsetting flows.