Ethereum ETF Market Roiled by Grayscale's $1.16B Outflow

Ethereum ETFs have faced a baptism of fire. Euphoria has quickly turned to doubt as outflows have surged. Outflows have surged, defying the positive trend of most funds. The debut of spot Ether exchange-traded funds (ETFs) in the United States was a fireworks display of investor enthusiasm. But just as quickly as the excitement ignited, a cold shower of reality seemed to douse the flames. After a blistering start, these ETFs have experienced a dramatic downturn, with substantial outflows marking their second and third days of trading. Grayscale's converted Ethereum Trust ETF (ETHE) has been the epicenter of this

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