TREE NEWS reports: Grayscale’s Ethereum Mini Trust ETF accumulated about $103.3 million worth of ETH over the past 20 days, on-chain data tracked by Arkham shows. The older Grayscale Ethereum Trust (ETHE) saw roughly $71.6 million in outflows over the same period, with the money appearing to rotate into the Mini ETF. Net of ETHE redemptions, Grayscale clients bought about $31.7 million in ETH.
Grayscale Ethereum Mini Trust ETF Buys Over $100M ETH in 20 Days: Arkham
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AI take
The headline number flatters the flow: gross Mini Trust purchases of roughly $103 million shrink to about $32 million once ETHE redemptions are netted out. That gap is the real signal — Grayscale's cheaper vehicle is cannibalising its own higher-fee product rather than drawing fresh capital from outside. Whether the Mini Trust starts pulling net-new demand, instead of recycling existing Grayscale exposure, is the open question worth tracking in the next stretch of on-chain data.
Generated by AI for reference only.
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