Krutika Adani
After the approved Ethereum ETFs start trading in the markets, Grayscale Ethereum Trust could be the biggest loser, losing as much as $110 million in daily outflows.
The Grayscale Bitcoin Trust had also bled severely after the launch of other spot ETFs. GBTC lost $6.5 billion in outflows within a month.
The outflow in GBTC was majorly caused by its high fees of 1.5% per annum as compared to others who charge about 0.25%
The annual fee charged by Grayscale Ethereum Trust is also on the higher side at 2.5%.
Unless the issue is prioritized, the loss of Grayscale’s Ethereum Trust seems inevitable.