📣 Grayscale's upcoming Ether (ETH) ETF could see daily outflows of $110 million if it follows the pattern of its Bitcoin Trust, says Kaiko. When the Bitcoin Trust converted to an ETF, it saw 23% of its assets flow out in the first month. If the Ether ETF sees similar outflows, it could mean a daily loss of $110 million, or 30% of ETH's average daily volume on Coinbase. But don't panic! Kaiko also noted that the Bitcoin Trust's outflows were surpassed by inflows into other Bitcoin ETFs by the end of January. So, even if the Ether ETF disappoints in the short term, it's still a big step forward for ETH as an asset. 🚀