The data of ETH SpotETF is very poor, probably the worst data ever. This does not mean the largest dumping, but from an emotional point of view, there are three institutions that have reduced their holdings. In addition to Grayscale's ETHE, Fidelity and Franklin Templeton have also appeared to be dumping, especially since both of them are reducing their holdings for the first time, and Fidelity is the third largest institution in terms of holdings.