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
Oracle's Larry Ellison Cancels Stock Sale Plan
Goldman Sachs interprets Meta (META.US) AI paradigm shift; MuseAI ushers in a new era of intelligent agents
Recently, Meta launched its personal AI agent product, Muse AI, marking the transition of consumer artificial intelligence from Q&A-based chatbots to an era of intelligent agents capable of independently completing real-world tasks. Goldman Sachs released a research report maintaining a “Buy” rating on Meta.
South32 submits Hermosa site visit presentation to National Storage Mechanism
Crypto prices
More
