*Will ETHE$ETH investors dump as the trading is open?*
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There are mixed opinions on whether ETHE investors will dump as trading opens. Here are some points to consider:
- *High fees*: Grayscale's Ethereum Trust fee of 2.5% may lead to outflows, canceling out potential inflows across Ethereum ETFs .
- *Dumping of ETH*: An Ethereum Foundation-related wallet has been dumping ETH on exchanges, which could impact prices.
- *Investment strategy*: Grayscale Ethereum Trust is designed to track the Ether market price, less fees and expenses.
- *Investor sentiment*: Some investors are worried about the flow of ETH out of Grayscale, while others are speculating about selling or converting funds .
- *Market impact*: The launch of ETH ETFs could impact the market, with some analysts predicting a new all-time high if ETH moves above a key resistance level .
*Additional information*
- Grayscale Ethereum Trust (ETHE) is now holding ETH worth nearly $10 billion.
- ETHE trades on NYSE Arca and is available through your brokerage account.
- The SEC has approved 19b-4 filings of Grayscale's Mini Trust and ProShares Ethereum ETFs, two of the latest additions to the ten funds potentially launching on Tuesday .