According to on-chain analyst @ai_9684xtpa, two hours ago, Grayscale allegedly commissioned Flow Traders to sell 5,812 ETH (about 21.75 million U.S. dollars), which may be the management fee of the Ethereum Trust Fund. It is understood that Grayscale charges a 2.5% management fee for ETHE each year. Based on the current holding of 2.97 million ETH, it will generate 74,000 ETH income (about 280 million U.S. dollars) each year. From July 2023 to date, Grayscale has transferred 34,270 ETH (about 88.22 million U.S. dollars) to Flow Traders. Referring to previous operations, the transferred ETH will be recharged to various exchanges in batches in the next few days.