Some people have raised questions, will the market fall sharply after the launch of the Ethereum ETF?
It is expected that the Ethereum ETF may start trading in June, and the main uncertainty in the market is Grayscale. Many people worry that if Grayscale sells its assets, it will cause a sharp decline in ETH. However, this worry is actually excessive. Grayscale holds 619,000 bitcoins with a total value of more than $30 billion. After the Bitcoin ETF was approved, Grayscale sold 320,000 bitcoins, but the price of Bitcoin did not fall, but rose instead. In contrast, the Ethereum held by Grayscale is worth only $11.1 billion, which is likely to be purchased by other asset management institutions.
