Grayscale has transferred $1 billion in ETH to Coinbase in preparation for launching an Ethereum spot ETF
One of the first ETF issuers, Grayscale, sent 292,262 ETH worth over $1 billion to Coinbase Prime's deposit wallet. Data provider iChaininfo shows that after the transfer, about 10% of the 292,000 ETH was moved from Coinbase's hot wallet to Grayscale Mini Trust or wallet "0xab3". This large-scale transfer indicates that Grayscale is preparing for the launch of its Ethereum spot ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
North America starts daylight saving time today
From Barista to Millionaire with Dogecoin—Now Betting on This Token for Another Major Breakout
Poll: Harris slightly ahead of Trump in North Carolina, Nevada and Wisconsin
This week, the U.S. Bitcoin spot ETF had a cumulative net inflow of US$2.2202 billion
Trending news
MoreCrypto prices
More
