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Grayscale’s upcoming spot Ether exchange-traded fund could potentially see an average outflow of $110 million per day if it follows the trend set by the company’s Bitcoin Trust in its first month, according to a report by Kaiko.by Kaiko analysts on May 27, it experienced a 23% outflow of its assets under management in the first month, amounting to $6.5 billion.
Over the past three months, Grayscale’s ETHE has traded at a discount of up to 26% to its net asset value . Kaiko researchers suggest that once ETHE transitions to a spot ETF, it is “reasonable to expect” outflows or redemptions as this discount narrows. Kaiko noted that the possibility of an ETF approval had been gradually discounted over the past month due to growingsince the SEC initially approved spot Ether ETFs on May 23, though ETHE has yet to begin trading as a spot ETF.
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