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 analyzing the top five most promising Ethereum ETFs investors could consider, featuring products listed by Grayscale, Fidelity, BlackRock, and other investment managers.
Notably, Fidelity Ethereum Fund (FETH) topped the Yahoo Finance list. The fund currently has a fee waiver in place until December 31, 2024, with a 0.25% fee set to apply beginning in 2025, as detailed in its prospectus. This fee waiver represents a cost-effective opportunity for investors looking to invest in Ethereum, especially in the short term.
Grayscale Ethereum Trust and MiniTrust Now Approved
Coming in second is Grayscale Ethereum Trust (ETHE). As of July 26, ETHE’s share price is $27.70 and the fees are 2.5%. This investment was launched seven years ago and was the first Ethereum fund in the US market.
Grayscale took to social media platform X to express its gratitude for the recognition from Yahoo Finance.
Grayscale $ETHE and $ETH Named Yahoo FinanceTop 5 #Ethereum The ETF that will give you the most profit.
Read the full story Yahoo Finance Article 👇 https://t.co/Qvc8KM1uV7
— Grayscale (@Grayscale) August 12, 2024
A Grayscale representative noted that ETHE has grown significantly to become the largest and most liquid Ethereum fund. It began trading as a spot Ethereum ETP on NYSE Arca on July 23. The fund’s liquidity and size make it a strategic option for investors looking to effectively manage risk.
Grayscale Ethereum Mini Trust (ETH) ranks third with a share price of $2.48 today. The fund’s fee structure will be waived for an initial six months, after which it will transition to a 0.15% fee once the fund reaches $2 billion in assets or the waiver period expires.
Grayscale claims that the fund has a low barrier to entry and low fees, making it accessible to investors with limited capital and attractive to those new to Ethereum investing.
Grayscale experiences outflows of funds
Despite its presence on Yahoo Finance’s list, Grayscale has continued to experience notable outflows in recent months.
According to the data, Grayscale Investments is facing $552 million in weekly outflows, $809 million in monthly totals, and $18.3 billion in year-to-date outflows. These figures highlight the large amount of capital being withdrawn from Grayscale’s managed funds, even though the company still manages more than $21 billion in assets.
Weekly Asset Flow CoinShares
The recognition by Yahoo Finance comes shortly after Grayscale confirmed Bloomberg ETF analyst James Seyffart’s views on the ETF spinoff. Seyffart outlined the details of the spinoff, specifically the creation of a mini-Ethereum ETF (ETH) from Grayscale’s existing Ethereum Trust (ETHE).
He also noted that this process has already impacted ETHE’s trading price, with the price dropping in conjunction with the upcoming share distribution.Grayscale reviewed Seyfert’s analysis and acknowledged the accuracy of his insights in a post.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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