ETH ETF inflows upd
▫️The net outflow to the ETH ETF was -$133 million and -$152 million, respectively. The cumulative net outflow for all three days of trading is -$178 million.
▫️The outflow is mainly associated with the withdrawal of ETH from the Grayscale ETF, as was the case with BTC. Net outflows from Grayscale have already exceeded $1 billion in three days, but there are still more than $7 billion left in the account, so outflows from it are likely to continue.
▫️Trading volume fell slightly to $1.05 billion on the second day and to $955 million on the third.
▫️By the way, the net cumulative inflow into the ETH ETF over the first three days would have been around $982 million, if we ignore the outflows from Grayscale.
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