High Outflows in Grayscale's Ethereum Trust Expected to Stabilize
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According to @CryptoMichNL, the Grayscale Ethereum Trust ($ETH) is experiencing significant outflows, with daily outflows between $350M and $500M over the first four days. This has caused the Assets Under Management (AUM) to drop from $9.2B to $7.6B. The analyst expects another week of stagnant outflows, predicting stabilization once the AUM reaches $5-6B, after which an upward trend is anticipated.
SourceMichaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast