📈 On August 2, significant movements were observed in US-based spot Ethereum ETFs, with major exits from the Grayscale Ethereum Trust (ETHE) totaling over $2.1 billion. Here’s what you need to know: Grayscale Ethereum Trust (ETHE): Over $61 million in exits on August 2, contributing to a net outflow of $54 million from spot Ethereum ETFs. Market Insights: Despite ETHE’s exits, the Grayscale Ethereum Mini Trust ETF (ETH) saw net inflows of $201 million, while the Fidelity Ethereum Fund (FETH) recorded inflows over $6 million. ETF Performance: Overall, spot Ethereum ETFs reached a net value of $8.3 billion by August 3, with a net asset ratio of 2.29%. Price Impact: ETH price declined by 5.71% to $2,990 since ETFs were introduced, reflecting market volatility. 🔍 Actionable Insights: Monitor ETF inflow and outflow data to gauge market sentiment. Evaluate the performance of alternative Ethereum ETFs like Fidelity and Franklin ETFs. Investigate the reasons behind significant withdrawals from ETHE. Consider the impact of ETF net asset ratio on the overall Ethereum market value. Stay informed about the latest trends and insights in the Ethereum ETF market. Watch the video for a detailed analysis! #Ethereum #ETFs #Grayscale #CryptoNews #EthereumETF #CryptoMarket #InvestmentTips #ETHPrice #Blockchain #CryptoInvesting