Analysis: Grayscale Ethereum ETF's massive outflows may fade this week

BlockBeats news, on July 30, Mads Eberhardt, senior analyst at Steno Research, said that the massive outflow of funds from the Grayscale Ethereum ETF may subside this week. Mads Eberhardt pointed out that referring to the previous Grayscale Bitcoin ETF, its outflow of funds decreased significantly after the 11th trading day. Since the outflow of funds from the Grayscale Ethereum ETF is much higher than the AUM (asset size under management), the peak of fund outflows will occur sometime this week, and once the peak is passed, the outflow of funds may slow down.

Mads Eberhardt added that the outflow of funds from the Bitcoin ETF bottomed out on the seventh trading day, and the bottom occurred when the cumulative outflow of GBTC reached 13.2% of the original fund, after which the price of Bitcoin rose by about 92% in 50 days. In contrast, the outflow rate of funds from the Grayscale Ethereum ETF was much faster than that of GBTC, reaching 17.3% in just four days, and the overall correction of ETH price relative to BTC was smaller.