Analysis: The large-scale capital outflow from Grayscale Ethereum ETF may subside this week

BlockBeats reports that on July 30, Steno Research senior analyst Mads Eberhardt stated that the large-scale capital outflows from Grayscale Ethereum ETF may subside this week. Mads Eberhardt pointed out that referring to the previous Grayscale Bitcoin ETF, its capital outflow significantly reduced after the 11th trading day. Since the fund outflow of Grayscale Ethereum ETF is much higher relative to AUM (Assets Under Management), therefore, the peak of fund outflows will appear sometime this week and once it passes its peak, fund outflows may slow down.

Mads Eberhardt added that Bitcoin ETF's capital outflow bottomed on the seventh trading day when GBTC's cumulative capital outflow reached 13.2% of the original funds; afterwards, Bitcoin prices rose about 92% within 50 days. In contrast, Grayscale Ethereum ETF's funds flowed faster than GBTC and reached 17.3% in just four days; moreover, ETH price has a smaller overall pullback compared to BTC.