Etherеum

Grayscale Commissions Flow Traders To Sell $21.75M In ETH, What’s Next?

31.05.2024

Recently, Grayscale, a leading cryptocurrency investment firm, allegedly commissioned Flow Traders to sell 5,812 ETH, valued at approximately $21.75 million. This move appears to be a strategic effort to cover the management fees for the Ethereum Trust Fund. Grayscale charges a 2.5% management fee annually for its Ethereum Trust (ETHE), which translates into a significant revenue stream given its large holdings.

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31.05.2024
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