According to Golden Finance's report, since the launch of Grayscale's spot Ethereum ETF (ETHE) on the market, this product has quickly suffered from large-scale capital withdrawal. Initial statistical data shows that within just a few days, ETHE experienced an outflow of up to $1.2 billion in funds. It is worth noting that this wave of capital outflow not only far exceeds the net inflow of other spot Ethereum ETFs during the same period, but also if it continues at the current pace, the total assets managed by ETHE may be depleted within a few weeks. Market analysts point out that as the outflow of funds from ETHE does not show signs of slowing down, it will continue to exert downward pressure on the price of Ethereum. Before the wave of capital outflows subsides, the continuous selling behavior of ETHE may significantly impact the Ethereum market, and investors should remain vigilant.