Grayscale Commissions Flow Traders To Sell $21.75 Worth ETH

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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.