Grayscale allegedly commissioned Flow Traders to sell 5,812 ETH two hours ago, possibly for the management fee of the Ethereum Trust Fund

Golden Finance reported that according to the monitoring of on-chain analyst @ai_9684xtpa, Grayscale suspected that it had commissioned Flow Traders to sell 5,812 ETH (worth $21.75 million) two hours ago, which may be the management fee of the Ethereum Trust Fund. Grayscale charges a 2.5% management fee for ETHE each year. Based on the current holding of 2.97 million ETH, it generates 74,000 ETH income (about $280 million) each year. From July 2023 to date, Grayscale has transferred 34,270 ETH to Flow Traders, worth $88.22 million; referring to previous operations, the transferred ETH will be recharged to various exchanges in batches in the next few days.