The collapse of the US stock market has brought down the world, the financial market has fallen across the board, and cryptocurrencies are also in a mess
The US Bitcoin spot ETF had a net outflow of $237 million last night
The US Ethereum spot ETF had a net outflow of $54.3 million last night
Grayscale's Ethereum Trust Fund ETHE is still selling, but other institutions did not actively take over yesterday. BlackRock, including Grayscale's own mini ETF, has zero inflows and outflows
The UK is bankrupt, the US stock market has plummeted, and the big one is coming? Reverse opening?
There are also fans who don't know what ETHE, mini ETF, and spot ETF mean. Why does Grayscale want to sell and buy
I'll explain it to you once and for all:
① ETHE, like GBTC, is a trust fund of Grayscale. This fund hoards a large amount of ETH and BTC spot
② The mini ETF (Ethereum Mini Trust) is the name of Grayscale's Ethereum spot ETF
③ Ethereum Spot ETF (Ethereum Spot ETF) is a product traded on the securities market like traditional stocks
④ Why does Grayscale have to sell the spot in the trust fund? Because the management fee of the trust fund is 10 times that of the spot ETF
