According to on-chain analyst @ai_9684xtpa, two hours ago, Grayscale allegedly entrusted Flow Traders to sell 5,812 ETH (worth $21.75 million), which may be management fees for the Ethereum Trust Fund. Grayscale charges a management fee of 2.5% per year for ETHE, and based on the current holdings of 2.97 million ETH, it generates an annual income of 74,000 ETH (approximately $280 million). Since July 2023, Grayscale has transferred 34,270 ETH worth $88.22 million to Flow Traders. Based on past operations, the transferred ETH will be gradually recharged into various exchanges in the next few days.
Grayscale allegedly commissioned Flow Traders to sell 5,812 ETH worth $21.75 million two hours ago
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