Two hours ago, Grayscale allegedly commissioned Flow Traders to sell 5,812 ETH (worth $21.75 million), which may be the management fee of the Ethereum Trust Fund

Grayscale charges a 2.5% management fee for ETHE each year. Based on the current holding of 2.97 million ETH, it generates 74,000 ETH$ETH (about $280 million) in revenue each year. It's really easy money😱

From July 2023 to date, Grayscale has transferred 34,270 ETH to Flow Traders, worth $88.22 million; referring to previous operations, the transferred ETH will be recharged to various exchanges in batches in the next few days

Grayscale fee address 0xcfc15ddee4f921a0917d35bb70174e14f6d45269