[Breaking News] According to data from on-chain analyst @ai_9684xtpa, Grayscale is suspected of selling 5,812 ETH worth $21.75 million through Flow Traders. This move may be to pay the management fees of its Ethereum Trust Fund. Grayscale charges a 2.5% management fee on ETHE each year, which can generate about $280 million in revenue each year based on its current holdings of 2.97 million ETH. Since July 2023, Grayscale has transferred 34,270 ETH worth $88.22 million to Flow Traders. It is expected that these ETH will be deposited in major exchanges in batches in the near future.