ETH ETF Experiences Significant Outflows Since Launch

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, recently shared on X that the ETH ETF has been experiencing net outflows. Since its launch, the ETF has seen net inflows on only eight days, with the remaining days marked by net outflows. The total outflow amounts to approximately $481 million, equivalent to 143,236.49 ETH. However, the outflow volume has significantly decreased over the past two weeks. Today, ETHE saw an outflow of only 1,547.24 ETH, a substantial reduction compared to the previous weeks.