Grayscale moved $1B worth ETH to Coinbase prime with approaching spot ETF trading.
The ETF issuer has announced the highest initial and post-waiver fees in the market.
US spot Ethereum ETFs received approval from the SEC on Monday after leading issuers filed 424(b) forms. Grayscale issuing two of the nine spot ETFs was observed transferring ETH tokens worth $1.01 billion from its Coinbase Prime deposit onto the platform’s Hot Wallet 8 hours ago. This has led to market speculations, while some analysts have seen this as preparation for the ETF launch, others expressed uncertainty.
According to Arkham Intelligence data, the ETF issuer transferred 292.263K ETH tokens to the Coinbase Prime Exchange. Following this, Coinbase Hot Wallet, which received the $1.01 billion worth of tokens, transferred the funds to different wallets of the Grayscale Mini trust. The Grayscale wallet currently holds 2.959 ETH tokens worth $10.20 billion.
Notably, when Grayscale initiated the t
We współpracy z: https://thenewscrypto.com/grayscales-massive-1b-eth-move-stirs-speculation-amid-spot-etf-launch/
