Source: TheMerkle.com
In a significant development, Grayscale has reportedly commissioned Flow Traders to sell 5,812 ETH, valued at approximately $21.75 million.
This move is speculated to be for covering the management fees of the Ethereum Trust Fund.
Grayscale imposes a 2.5% annual management fee on the Ethereum Trust (ETHE).
With the current holdings standing at 2.97 million ETH, this fee structure generates an impressive revenue of 74,000 ETH annually, equating to about
Read More https://themerkle.com/grayscale-allegedly-sells-5812-eth-possibly-for-ethereum-trust-management-fees/
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Source: TheMerkle.com
