On July 27, QCP Capital posted on its official channel that the first week of spot ETH ETF trading looked similar to the launch of the BTC spot ETF, with ETH retreating from a high of $3,563 to a low of $3,086. Grayscale ETHE's 2.5% fee once again drove outflows. So far, the net outflow of 8 ETFs is $178 million, of which ETHE has a net outflow of $1.16 billion in just 4 days.
Analysts said that unlike BTC's digital gold positioning, ETH may be a rather abstract concept to the traditional financial world and it will take time to be further absorbed. And investors have less motivation to buy spot ETH ETFs without pledge functions.
