Data: Gray suspected to entrust Flow Traders to sell 5,812 ETH, possibly for Ethereum trust fund management fees
ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, two hours ago Grayscale allegedly entrusted Flow Traders to sell 5,812 ETH (worth 21.75 million USD), possibly for the Ethereum Trust Fund management fee. Grayscale charges an annual management fee of 2.5% for ETHE, which, based on the current holding of 2.97 million ETH, generates an annual yield of 74,000 ETH (approximately 280 million USD).
From July 2023 to now, Grayscale has transferred 34,270 ETH to Flow Traders, worth 8.822 million USD.
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