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UPDATE: @Grayscale removing staking from their $ETHE app to convert to an ETF. • $ETHE >$10B in AUM. • staking removal makes it a less desirable product. • expect same velocity of outflows as $GBTC suffered. • can $ETH ETF demand outstrip @Grayscale $ETHE outflows?
Grayscale removes staking proposal from its spot Ethereum ETF filing https://t.co/YoD2uFhEUl
[FILING] #Grayscale removes $ETH staking proposals in #Ethereum Trust's Schedule 14A filing with #SEC
Grayscale has removed staking proposals from its Ethereum Trust's Schedule 14A filing with the SEC, according to The Block Pro. This change is part of their application to convert $ETHE into an ETF. Grayscale's Ethereum Trust currently holds over $10 billion in assets under management (AUM). The removal of staking is expected to make the product less desirable, potentially leading to outflows similar to those experienced by Grayscale's Bitcoin Trust ($GBTC). The market is now questioning whether the demand for an Ethereum ETF can outstrip the expected outflows from $ETHE.
