Though investors exiting the Grayscale Ethereum Trust (ETHE) hurt the US spot ETH ETF market’s initial net flows figure, four of the funds saw solid traction.

The nine ETFs collectively posted net outflows of $342 million in their first four trading days (July 23-26), according to Farside Investors data.  

Sizable inflows into products by BlackRock, Bitwise and Fidelity could not make up for the $1.5 billion leaving higher-priced (2.5%) ETHE. Those outflows roughly match those endured by the Grayscale Bitcoin Trust (GBTC) during the product’s first four days as an ETF. 

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