Grayscale's first 100,000 ethers have been sold!
The day before yesterday, the net inflow of the nine Ethereum spot ETFs in the United States on the first day of listing was 106.6 million US dollars. Except for Grayscale, the other eight ETF products were all in a net inflow state. Yesterday, the net inflow of the Bitcoin spot ETF in the United States was 44.51 million US dollars, while the net outflow of the Ethereum spot ETF was 133 million US dollars.
Regarding the selling pressure on Grayscale, Sanshu also emphasized in the above article that according to the current trial production environment and the number of chips in its hands, Grayscale's selling pressure period is expected to be about a week. After a false shot on the first day of listing the day before yesterday, what was coming still came. At present, Grayscale's total Ethereum holdings are about 2.4 million, and the net outflow for two consecutive trading days accounts for more than 9%. According to the final outflow data of 50% and the actual situation of the Bitcoin ETF at that time, the inflow and outflow data will reach the bottom balance as early as next Friday.
The macro environment has not been peaceful in the past two days. Yesterday, Tesla's earnings report was lower than expected, and its stock price plummeted by 12%. The S&P 500 index fell by 2.3%. The US stock market was in turmoil, and it is expected that such adjustments will continue for some time. The compensation payment of Mentougou in the circle has entered a new stage, and the related panic sentiment has also produced certain antibodies. In my opinion, whether it is the US stock market or Mentougou, the short-term impact on the market is already limited, and the short-term focus is still on the impact of Ethereum's capital.
