TechFlow news, according to analysis by OKG Research at OKLink Institute, during the three days following the approval of Ethereum spot ETFs, 204,991 ETH were transferred in large amounts to centralized exchanges, while 250,313 ETH flowed in large amounts from centralized exchanges. This resulted in a net inflow of 45,322 ETH, approximately $147 million, meaning about $147 million worth of ETH moved from centralized exchanges to on-chain wallets.
According to the latest data from Farside, the launch of Ethereum spot ETFs has not attracted significant capital inflows as expected. Instead, it has seen around $250 million worth of ETH flow out through this channel. This unusual phenomenon is primarily attributed to substantial outflows from Grayscale, with ETHE experiencing withdrawals totaling $1.15 billion within the first three days. In comparison, during the first three days after Bitcoin spot ETFs launched, GBTC lost about $1.2 billion. Notably, ETHE's outflow rate exceeded 15%, whereas GBTC only saw a 3% outflow during the same period, indicating that the "Grayscale effect" for ETH is accelerating.
