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.