Grayscale prepares for spot Ethereum ETFs launch with $1 billion

Yesterday, Grayscale transferred 292,000 ETH worth $1 billion to Coinbase ahead of the opening bell today, which is when the ETFs will go live. Coinbase will act as the custodian for eight out of nine of these newly approved Ethereum ETFs. So this transfer is basically Grayscale making sure there’s enough liquidity and everything’s ready

Source: Cryptopolitan