It can be regarded as bad news for the ETH(Ethereum). I also admit somewhat. But,
I think the main reason is the high fee of Grayscale's ETHE. It charges 2.5%. So, some investors who have been investing ETHE may sell ETHE to convert other spot ETH ETFs.
Take a look at the table. Other spot ETH ETFs show the plus net inflows. So, I'm not worried about the initial performance of spot ETH ETFs. It's a matter of time.
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Upvoted! Thank you for supporting witness @jswit.
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