Ethereum ETF Asset Management Scale Hits Record Low, Over $1 Billion Outflow in Seven Weeks

Jinse reports that as of April 18, the assets under management (AUM) of spot Ethereum ETFs have plummeted to $4.57 billion, marking an all-time low since the inception of such registered products. These ETFs have experienced a net outflow for seven consecutive weeks, with a staggering $1 billion in net outflows during this period. Grayscale's ETHE has been a significant source of these outflows, as its 2.5% management fee (compared to BlackRock's more competitive 0.25%) may deter investors. Similar to its Bitcoin counterpart GBTC, ETHE is also facing substantial redemptions as investors move to cheaper alternatives after mandatory lock-up periods expire. The fee disparity has been a significant drag on long-term holders, especially in a price-sensitive market environment.