Kaiko: grey release ETHE or the first month after the launch as a spot ETF outflow of $110 million

On May 28th, Kaiko analysts wrote in a report on May 27th that on January 11th, grey release GBTC had 23% of its assets under management outflow in the first month at the beginning of the issuance, totaling $6.50 billion. Grey release ETHE has an asset under management of $11 billion. According to Kaiko, if its "outflow size is similar to GBTC", "this would be equivalent to an average daily outflow of $110 million, or 30% of the average daily trading volume of ETH on Coinbase.