Tomorrow, ETH spot ETF will start trading. However, Grayscale will start redemption of 2.63 million ETH, worth 9.3 billion US dollars. According to the latest fee rate, Grayscale's management fee is as high as 2.5%, which is much higher than other institutions. Therefore, a large number of redemptions will basically begin, generating selling pressure. But overall, ETH spot ETF is a long-term positive, with limited downward space and a lot of upward space.

Is the Ethereum ecosystem coming back?