As the highly anticipated launch of Ether ETFs in the US nears, crypto asset manager Grayscale has transferred a massive $1.01 billion worth of Ethereum to Coinbase Prime. This strategic move is likely aimed at positioning Grayscale to meet the expected surge in demand for its Ethereum-based investment products. While some speculated a potential sell-off, analysts suggest Grayscale is simply preparing to facilitate the transition of its existing Ethereum Trust into the new, lower-cost ETF structure. Read more at Decrypt
Grayscale Prepares for Ether ETF Launch by Shifting $1B to Coinbase
