Grayscale has transferred $1 billion in ETH to Coinbase in preparation for launching an Ethereum spot ETF
According to data from on-chain data provider iChaininfo, on July 22, Grayscale, one of the first ETF issuers, sent 292262 ETH worth over $1 billion to Coinbase Prime deposit wallet. After the transfer, about 10% of the 292,000 ETH was transferred from Coinbase hot wallet to Grayscale Mini Trust or wallet "0xab3". The 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
U.S. money market fund assets exceed $7 trillion for the first time
SEC Chairman Gary Gensler Makes Final Lobbying Call for US Crypto Regulation
SOL falls below $210
Trending news
MoreCrypto prices
More
