Grayscale transfers $1B ETH to Coinbase a day ahead of Ether ETF launch – Cointelegraph

Grayscale, a major cryptocurrency investment firm, has transferred $1 billion worth of Ethereum (ETH) to Coinbase. This move comes just one day before the launch of an Ether exchange-traded fund (ETF). The transfer signals a significant amount of ETH being moved to a major exchange in preparation for the ETF launch. Grayscale’s actions are closely watched by the cryptocurrency community, as they often indicate market trends and investor sentiment. The launch of an Ether ETF is expected to further boost the popularity and adoption of Ethereum among investors.