The post Grayscale Commissions Flow Traders To Sell $21.75 Worth ETH appeared first on Coinpedia Fintech News
In a strategic approach to maintain the fund’s sustainability and operational efficiency, Grayscale has commissioned Flow Traders to sell 5,812 ETH worth $21.75 million to cover the management fees for the Ethereum trust fund. Grayscale charges a 2.5% management fee annually for its Ethereum trust. Notably, Grayscale withdrew its staking proposal from the Ethereum ETF plan, signaling a strategic shift in investment offerings.
