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Dragonfly Partner: ETH price is not moving because grey release offsets other ETF inflows

Dragonfly managing partner Haseeb Qureshi said in a post on the X platform that the opening volume of the Ethereum spot ETF is strong, but the price of ETH has not yet changed significantly. It can be speculated that this is because the grey release ETHE is mainly selling, which will offset a lot of the first day of capital inflows.