Since the launch of #ETHETF,#Grayscalehas net outflowed 135,662 $ETH (470 million USD) to CoinbasePrime, and#Grayscalecurrently holds 2,489,075 $ETH (8 billion USD);
Assuming that the outflow is calculated based on the launch of #GBTC: $GBTC held 624,000 $BTC (29.3 billion USD) on January 11, 2024. After 6 and a half months of selling, it still held 276,000 $BTC (18.2 billion USD), and only 348,000 $BTC were actually sold, with a selling rate of 55.8%;
If the#ETHETFGrayscale holdings follow this selling rate, the large-scale selling may end in about 10 days;
From the first two days of the listing of#BTCETFand #ETHETF, BTC had a net inflow of 8.1 billion USD, but ETH had a net outflow of 27 million USD;
Figure 2 is Grayscale BTC selling slope, Figure 3#ETHETFtrading situation in the past two days and#BTCETFcapital inflow and outflow in the past few days;
From the ETF trading data in the past two days, the $ETH trading volume has a significant stimulating effect after the ETF is launched. After the Grayscale sell-off, people will find that liquidity has increased, which is a more important positive for #ETH;
