On July 26th, Trader T data shows that grey release ETHE still holds 2.28 million ETH, and the cumulative outflow has been 13% in the past three days. Compared with the outflow rate of about 4% after the GBTC opened three days in January this year (25,000 BTC/630,000 BTC), the outflow rate of ETHE is more than three times higher than that of GBTC.