Ethereum Nerves Show as Grayscale Mini Trust Sees Near $32 Million Walk Out
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Grayscale Ethereum Mini Trust (ETH) saw investors pull back at the start of the year, with the ETH vehicle recording outflows of $31.99 million on January 2, 2026. The redemption represents roughly 1.49% of the fund’s latest reported assets under management, which stand at $2.15 billion, signaling a notable—though not yet destabilizing—shift in sentiment toward the product.
The move comes after a turbulent stretch for its underlying asset, Ethereum. The related asset, ETH-USD, is currently trading around $3,142.82, down about 31.4% over the past three months. Despite that steep drawdown, the short-term trading picture looks more nuanced: the 1-day technical signal sits at Hold, suggesting that while longer-term momentum has clearly weakened, near-term price action is not yet flashing an outright capitulation.
For Grayscale’s mini trust, the latest outflows may reflect investors locking in gains from earlier in the cycle or rotating into other crypto vehicles perceived as better positioned in a higher-volatility environment. With Ethereum’s price still well above its bear-market lows but under pressure from risk-off currents and competition from newer smart-contract platforms, allocators appear to be reassessing position sizes rather than abandoning the asset class altogether.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.