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The Future of Grayscale’s Ethereum Trust

Despite the prevailing optimism, some concerns remain regarding these new ETFs’ impact on existing products like the Grayscale Ethereum Trust, currently holding more than $11.3 billion. In addition, the trust could witness a major outflow since investors might prefer the new ETFs. 

Historically, Grayscale’s Bitcoin Trust experienced outflows when converted to ETF form. Major players, like VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Bitwise, and Invesco Galaxy, have received their regulatory approval on Thursday, May 23, which sheds light on a strong lineup that is currently poised to meet the market demand. However, the only applicant who did not receive approval on that day was Hashdex, highlighting the competitive and complex nature of the ETF approval process.