CoinShares Research Director: Ethereum spot ETF had a net outflow of $19 million two days after listing

James Butterfill, research director at CoinShares, wrote in a post on X that "within two days of the launch of the Ethereum spot ETF, $801 million flowed in, not including the seed money transferred from Grayscale ETHE to its mini trust ETH ETF. This is a very positive start. However, we have observed a large outflow of funds from Grayscale ETHE, totaling $820 million, resulting in a net outflow of $19 million for the Ethereum spot ETF."