Ethereum spot ETF was officially listed last night, and various trading data continued to be released after the close of this morning. Grayscale's Ethereum fund ETHE had an outflow of US$484 million on the first day (close to 5% of AUM)! ! !
Ethereum spot ETF can be said to be similar to the situation of Bitcoin spot ETF after it was just approved. Grayscale's GBTC has been under net outflow selling pressure for a long time due to profit-taking and the need to switch to lower fees.
At present, ETH may also replicate this situation for a period of time, and the price may fall further or continue to fluctuate.
The selling pressure of Bitcoin spot ETF when it was just approved lasted for about two weeks, and the overall net assets turned positive from net outflow. This time, let's see whether the situation of Ethereum spot ETF will be shorter or last longer, which is worth our continued attention.
