Grayscale’s Ethereum Trust (ETHE) experienced a significant reduction in outflows this week, with a drop of nearly 80%, according to recent data.
On Monday, 108,800 ETH, valued at approximately $367.6 million, were transferred to Coinbase. By Friday, this figure had fallen to 24,900 ETH, worth about $78.4 million.
Data indicates that the total net outflows from spot Ethereum ETFs surpassed $54 million on August 2. A substantial portion of these outflows originated from ETHE, which reported a single-day net outflow of over $61 million. Outflows from Grayscale Ethereum Trust (ETHE) reached $2.1 billion.
