Grayscale’s upcoming Ethereum ETF launch might see millions in daily outflows as holders could hit the exit as its discount narrows, according to Kaiko.
If Grayscale’s slated spot Ether ETF follows the same path as its Bitcoin one, there could be some short-term pressure on the price of ETH.) exchange-traded fund could bleed an average of $110 million per day if it follows a similar pattern to its Grayscale Bitcoin Trust in the first month.
ETHE has an AUM of $11 billion. If it has “a similar magnitude of outflows” as GBTC, “this would amount to $110 million of average daily outflows or 30% of ETH’s average daily volume on Coinbase,” according to Kaiko.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Ethereum bulls await ETF approval as BlackRock, Bitwise, Grayscale submit amended ETH ETF filingsEthereum (ETH) is trading sideways on Wednesday as BlackRock, Bitwise and Grayscale submitted their amended 19b-4s filings to the Securities & Exchange Commission (SEC).
Baca lebih lajut »
Ethereum Products Bleed Funds Amidst Regulators’ Silence on ETF ApplicationCrypto Blog
Baca lebih lajut »
Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analystBloomberg's James Seyffart offers some theories as to why Grayscale's spot bitcoin ETF logged inflows two days straight.
Baca lebih lajut »
Ethereum to rise within key range, James Seyffart doesn't expect ETH ETF approval in 2024Ethereum (ETH) is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong's spot Ethereum ETFs.
Baca lebih lajut »
Ethereum could see weekend rally as Michael Saylor predicts spot ETH ETF rejectionEthereum hints at a weekend rally on Friday following its recent price movement.
Baca lebih lajut »
SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETFThe U.S. SEC is delaying making a decision on next steps for the Invesco Galaxy Ethereum exchange-traded fund.
Baca lebih lajut »