CoinVoice recently learned that Farside Investors posted on the X platform that ETHE's net outflow is higher than GBTC. One factor may be that GBTC was launched earlier than ETHE (2013 vs 2017). Therefore, a higher proportion of GBTC holders may hold huge unrealized capital gains and are therefore less willing to sell. Another factor is that ETHE holders may want to stake their tokens. In addition, ETHE's fees are 2.5%, while GBTC has been reduced to at least 1.5%. [Original link]