!!! Grayscale sells a huge amount of ETH!!! It caused Ethereum to plummet by 10%!!!
Ethereum ETF has also been online for two days, and Grayscale has outflowed 230,000 coins, worth 811 million.
Why Grayscale will ship, there are two reasons:
(Grayscale is the manager, buying and selling is the business of retail investors)
1. The management fee is much higher than other ETFs, and retail investors can only sell them for other ETFs
2. Most of the chips are ETH bought in the previous bull market, and the ETH quota is locked. Now this price also has a lot of profit, and it is normal to stop profit shipment.
Ethereum series currencies worth paying attention to: ETHFI is currently priced at 2.08 and can be opened. ENS is currently priced at 26 and can be opened (note: it is a spot position, not a contract, and don’t go all in)
Follow + leave a message, and plan together. $ETHFI $ETH $ENS