According to BlockBeats, data from Trader T revealed that Grayscale ETHE experienced a notable net outflow of $10.72 million on September 28. Over the past 48 trading days, the fund has seen a cumulative outflow of 36.1% of its initial value. If the current trend continues, projections indicate that by the 101st trading day, which will occur on November 7, the outflow could reach a staggering 50% of the total assets in the fund. This significant decline raises concerns about investor sentiment and the overall health of the fund as it navigates these substantial withdrawals.