I don't know what's going on in the past few days. Grayscale's selling of current ETFs for BTC and ETH has increased, especially the selling of ETH, which has increased by more than five times compared to last week, and more than ten times on some dates. This is also very strange. If the entire ETF is being sold, it can be seen that it is the panic of users, but except for ETHE, there is almost no selling by other institutions. It is impossible that only Grayscale users are panicking. #财经##币圈#

Some friends think that it may be because of the high handling fee of ETHE that many investors prefer to stake on the chain. This possibility exists, but it is not obvious. I specifically looked at the staking data of ETH2.0. Although there has been new ETH entering recently, compared with the previous few days when the selling pressure of ETHE was very low, the staking volume has not increased significantly, but has even fallen slightly.

On the contrary, more#ETHhas been withdrawn from POS in the past two days. If it is not for staking POS, I don't know if there are relatively large activities recently that need to accumulate some TVL, or if it is simply ready to sell.

Except for Grayscale's own data changes, there are no changes in the other seven US ETF institutions and three Hong Kong ETF institutions, which also shows that current ETF investors have no interest in buying and selling. #美联储何时降息？ #BTC走势分析