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Crypto Banter: Crypto is About to GO BANANAS!
Raoul Pal: The Journey Man
Generating Demand for ETH ETF Amidst Grayscale Portfolio Concerns
Launching an ETH ETF with $11.21 billion worth of ETH from the grayscale portfolio could face challenges in generating demand quickly due to the locked liquid ETH. The concern is that without sufficient marketing and advertising like Bitcoin, the launch may not gain enough momentum. The dynamics between GBTC outflows, BlackRock inflows, and staked ETH add complexity to the situation. Furthermore, an increase in on-chain activity may lead to the burning of ETH.
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