Recently, there has been significant volatility in the cryptocurrency market, with Grayscale's Physical Ethereum ETF (ETHE) becoming a focal point of market interest. According to Farside Investors data, the ETF experienced a massive withdrawal of $326.9 million in funds yesterday. This phenomenon indicates that investors have differing expectations for the future of the Ethereum market, and some investors may have chosen to exit and wait for developments. The substantial departure of funds not only had a short-term impact on the price of ETHE but also reflected the instability of market sentiment. For investors, this serves as a reminder to remain vigilant about market risks and to rationally allocate assets.