Key Takeaways:
- Grayscale transferred $1 billion in Ether to Coinbase on July 22, anticipating the launch of spot Ether ETFs in the U.S. on July 23.
- The U.S. SEC has approved final regulatory requirements for Ether ETFs, enabling issuers like BlackRock and Grayscale to list their funds on major stock exchanges.
- Grayscale’s fund offers the lowest waiver fee and zero fees for the first six months, amid rising institutional interest in Ether.
Grayscale transferred $1 billion in Ether to Coinbase on July 22, ahead of the debut of spot Ether ETFs in the U.S. on July 23.
This move indicates preparation for the launch of these ETFs, with Coinbase acting as the custodian for most of the new funds.
⚡️ #Grayscale has transferred $1 billion worth of #Ethereum (ETH) to #Coinbase ahead of its anticipated Ether ETF launch.@coinbase exchange will be the custodian for eight of the nine newly approved Ether ETFs. pic.twitter.com/HjiZDYWE0Z
— Satoshi Club (@esatoshiclub) July 23, 2024
The U.S. SEC has approved the final regulatory requirements for Ether ETFs, allowing issuers like BlackRock and Grayscale to list their funds on major stock exchanges.
Grayscale’s fund offers the lowest waiver fee and zero fees for the first six months.
🚨 FUD ALERT 🚨
— Ash Crypto (@Ashcryptoreal) July 23, 2024
GRAYSCALE HAS TRANSFERRED
$1 BILLION WORTH OF ETH TO
COINBASE
THEY'LL DUMP THAT, WHICH WILL
CRASH THE PRICE
THIS IS NOT TRUE
GRAYSCALE HAS TRANSFERRED $1B
WORTH OF ETH TO SEED THEIR MINI
ETH ETF.
GRAYSCALE MINI ETH ETF HAS A
FEE OF JUST 0.15%,…
Institutional interest in Ether has surged, with expectations that the new ETFs could significantly boost Ether’s price, potentially doubling it within 18 months.
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