Some people ask, will the Ethereum ETF plummet after it goes online?
In June, the Ethereum ETF is expected to be traded online, and the biggest uncertainty in the market is Grayscale. Many people are worried that Grayscale's shipments will cause ETH to plummet, but this worry is unnecessary. Grayscale holds 619,000 BTC, worth more than 30 billion US dollars. After the Bitcoin ETF was approved, 320,000 BTC were sold, and BTC did not fall but rose instead. Grayscale only has 11.1 billion Ethereum, which is probably not enough for other asset management institutions to buy.