The Grey Release-converted ETHE Spot Ethereum ETF saw a large net outflow in the first few days of trading - totalling $1.20 billion. ETHE's outflows have already exceeded the net inflows of other Spot Ethereum ETFs, but at this rate, its assets under management could be depleted in a matter of weeks. Analysts said ETHE could continue to exert selling pressure on Ethereum prices until the net outflow fades.