Ethereum Spot ETFs are likely to experience net outflows after listing, similar to Bitcoin Spot ETFs, due to Grayscale arbitrage.
"outflows are are still likely and that's simply because it's it's what happened with the spot Bitcoin ETFs there were enormous net outflows mostly from those who had arbitraged grayscales gbtc trust it could be a similar situation given that grayscale has also applied to convert its eth trust into an ETF"