Why Are Investors Withdrawing from Grayscale's Ether ETF Despite Ethereum's Rising Price?

Grayscale's Ether ETF recently faced a massive $356 million outflow, but Ethereum's price remains robust. This intriguing scenario suggests that institutions might be diversifying their crypto investments rather than abandoning ship. Moreover, Grayscale is actively seeking to convert its Ethereum Trust into a spot ETF, pending SEC approval, which could offer more regulated exposure to Ethereum. Discover the potential strategies behind these movements and what it means for the future of Ethereum.

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