My dears! #eth The second day after the spot ETF was approved, I didn’t expect that there would be a net outflow of 150 million US dollars on this day. It was mainly Grayscale!
Grayscale continued to sell yesterday, and has sold 230,000. Last night, 140,000 were transferred out and 90,000 were sold. Grayscale ETH holdings exceeded 2.629 million Eth.
Selling 100,000 a day, it is estimated that it will take at least 10 days to sell.
In addition, after other ETFs purchased the bottom position transaction on the first day, they are currently reducing and not buying.
Therefore, the current ETH selling pressure continues, everyone needs to continue to wait, and don’t buy rashly.
