Eth Squeezes Out a Tiny Bit Less Blood Than Usual as Ethereum Mania Reaches New Heights and Everyone Still Loses Their Shirt

The Grayscale Ethereum Trust is finally bleeding less money after hemorrhaging nearly $2.3 billion since launch. I’m sure it’s just a coincidence that this comes as activity on Ethereum and layer-2 networks surges. Meanwhile, the fund still holds more than 25% of its total holdings in Ether – because who needs to make smart investment decisions when you can just hold onto worthless cryptocurrency?

It’s interesting to note that Grayscale’s Bitcoin Trust took nearly four months before it saw a day without outflows. I guess Ethereum is just faster at losing people’s money.

The article mentions a surge in activity on layer-2 networks, which sounds like a real success story – until you realize that these are still just tiny fractions of the main network and not actually solving any problems. And hey, who needs to use decentralized exchanges when you can have centralized ones with 10% lower trading volumes?

Analysts think dwindling ETHE outflows will be bullish for Ether’s price? Yeah, because history has shown us that people are always smart enough to catch on before they lose all their money.