๐—š๐—ฟ๐—ฎ๐˜†๐˜€๐—ฐ๐—ฎ๐—น๐—ฒ ๐—ถ๐˜€ ๐—ฑ๐˜‚๐—บ๐—ฝ๐—ถ๐—ป๐—ด ๐—˜๐—ง๐—› ๐Ÿšจย 

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In the past 3 days, Grayscale has sold 319,710 ETH worth $1.03 billion ๐Ÿ˜ฑ

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๐–๐ก๐ฒ ๐ข๐ฌ ๐†๐ซ๐š๐ฒ๐ฌ๐œ๐š๐ฅ๐ž ๐ƒ๐ฎ๐ฆ๐ฉ๐ข๐ง๐  ๐„๐“๐‡?

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โ–ถ๏ธ Investors pulling out their money due to a 10x higher fee than other ETF issuers.ย 

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โ–ถ๏ธ Investors are rotating their money into other L1s, like #Solana.ย 

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โ–ถ๏ธ One more reason could be staking, as ETH ETFs don't allow it, so investors are pulling their money.

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This is a similar situation to that of GBTC; the only difference is that the grayscale #ETH ETF outflow magnitude is much bigger.

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At this pace, #Grayscale will be left with no ETH in 5 weeks.