Kaiko: Grayscale ETHE saw an average daily outflow of $110 million in the first month after its launch as a spot ETF
On May 28th, a Kaiko analyst wrote in a report on May 27th that on January 11th, Grayscale GBTC had 23% of its managed assets flow out in the first month after issuance, totaling $6.5 billion. The asset management scale of Grayscale ETHE is $11 billion. According to Kaiko, if its "outflow scale is similar to GBTC," "this would be equivalent to an average daily outflow of $110 million or 30% of the average daily trading volume of ETH on Coinbase."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Saylor says bitcoin price fluctuations will not have a substantial impact on the company
Netflix Co-CEO says generative AI will help creators
Trending news
MoreHormel Foods has signed a definitive agreement to sell its entire whole turkey business to a life sciences innovation company.
Hormel Foods recently disclosed preliminary financial data for the first quarter of fiscal year 2026 and simultaneously announced that it will maintain its adjusted full-year performance outlook for the current fiscal year.