Grayscale’s Mini Ether ETF Records $103.3 Million in Net Purchases

Grayscale’s mini Ether fund recorded $103.3 million in net purchases over 20 days, offsetting $71.6 million in outflows from the firm’s older ETHE product and producing a combined net purchase of about $31.7 million. The figures were widely viewed as reflecting an internal rotation from ETHE into the mini fund. Across both products, Grayscale customers recorded about $31.7 million in net purchases of Ether (ETH) during the period. The movement came as U.S. spot Ether exchange-traded funds extended a seven-session run of net outflows. The group lost $160.9 million on Oct.

Source: TokenPost