Update - U$ 266.5 Million was bought in the BlackRock ETF, making the Final Value of the total sum 100Million positive ;)
Grayscale Dump on the First Day Versus The Inflows
For previous introduction, check my other take in the ETH ETF!
The ETH ETFs started today and what can we read?
What catches our Eyes are at first the Seed from GRayscale ETHE and ETH with a combine 10Bi Dollars in AUM, from that, almost 5% or 484 Million dollars were dumped massively.
Besides that, the Volume/Inflows from Grayscale (ETHE), Fidelity (FETH) and Bitwise (ETHW) combined may have made the first day with a little positive, yet to be disclosed?
I think so, but the take here is that the Grayscale former ETH Trust fund got their coins at a very good discount in attractive prices, meaning the dump might be the same as we got from Bitcoin, with their own proportions. Show Less
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