Grayscale transferred $1 billion in ETH to Coinbase

• Grayscale sent 292,262 ETH ($1 billion) to Coinbase Prime on July 22.

• This is preparation for the launch of spot Ethereum ETFs.

• 10% ETH transferred to Grayscale Mini Trust.

• Coinbase will be custodian for 8 of the 9 new Ether ETFs.

• The first Ether ETFs are scheduled to launch in the US on July 23rd.

Stay tuned! 🚀