According to @FarsideUK, the Grayscale Ethereum ETF (ETH) posted a US$88 million net outflow on Aug 19, 2025, based on Farside Investors’ daily flow data (source: Farside Investors tweet https://twitter.com/FarsideUK/status/1957924101399470205 and data hub https://t.co/FppgUwAthD). This net outflow reflects that redemptions exceeded creations for the fund that day, consistent with the ETF framework where net flow equals creations minus redemptions (source: U.S. SEC Investor Bulletin on ETFs https://www.investor.gov/introduction-investing/investing-basics/investment-products/exchange-traded-funds-etfs). In cash redemption models, meeting redemptions involves selling underlying assets to raise cash, linking ETF flow direction to underlying market supply mechanics (source: U.S. SEC Investor Bulletin on ETFs https://www.investor.gov/introduction-investing/investing-basics/investment-products/exchange-traded-funds-etfs).