Grayscale’s Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH) have been recognized by Yahoo Finance as top new Ethereum investment products with significant upside potential.
Yahoo Finance recently published a list analysing five most promising Ethereum ETFs the investing public could consider, featuring products listed by Grayscale, Fidelity, BlackRock, and other managers.
Notably, the Fidelity Ethereum Fund (FETH) led Yahoo Finance’s list. The fund currently offers a fee waiver until December 31, 2024, with a 0.25% fee set to take effect at the start of 2025, as detailed in its prospectus. This fee waiver provides a cost-effective opportunity for investors seeking exposure to Ethereum, particularly in the short term.
Grayscale Ethereum Trust and Mini Trust Recognized
In second place is the Grayscale Ethereum Trust (ETHE). As of July 26, ETHE had a share price of $27.70 and a fee structure of 2.5%. This investment launched seven years ago, making it the inaugural Ethereum fund in the U.S. market.
Grayscale has taken to social media platform X to acknowledge the recognition by Yahoo Finance.
Grayscale’s $ETHE and $ETH named in @YahooFinance’s 5 Best New #Ethereum ETFs With the Highest Upside for You.
Read the full @YahooFinance article 👇 https://t.co/Qvc8KM1uV7
— Grayscale (@Grayscale) August 12, 2024
A representative from Grayscale pointed out that ETHE has grown significantly, becoming the largest and most liquid Ethereum fund. On July 23, it started trading as a spot Ethereum ETP on NYSE Arca. The fund’s liquidity and scale make it a strategic choice for investors seeking to manage risk effectively.
The Grayscale Ethereum Mini Trust (ETH) is ranked third and has a share price of $2.48 today. The fund’s fee structure is initially waived for six months, after which it transitions to a 0.15% fee once the fund accumulates $2 billion in assets or after the waiver period ends.
According to Grayscale, this fund’s lower entry point and fees make it more accessible for investors with limited capital, making it appealing to those new to Ethereum investments.
Grayscale Sees Outflows
Despite being featured on Yahoo Finance’s list, Grayscale continues to experience notable outflows in recent months.
Data shows that Grayscale Investments faced weekly outflows of $552 million, with monthly-to-date outflows at $809 million and year-to-date outflows reaching $18.3 billion. These figures highlight significant capital exits from Grayscale’s managed funds, even though the firm still oversees more than $21 billion in assets.
This recognition by Yahoo Finance comes just after Grayscale acknowledged the insights of Bloomberg ETF analyst James Seyffart regarding their ETF spin-offs. Seyffart detailed the spin-offs, particularly the creation of a mini Ethereum ETF (ETH) from Grayscale’s existing Ethereum Trust (ETHE).
He also noted that this process had already influenced ETHE’s trading prices, with a drop linked to the upcoming distribution of shares. Grayscale confirmed Seyffart’s analysis, affirming the accuracy of his insights in a post.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
