US whales preparing to launch Ethereum ETF?
In just a few minutes, 123,516 ETH ($360 million) was wired to Coinbase Institutional in multiple transactions.
As a reminder, Coinbase is the BTC custodian for almost all U.S. Bitcoin ETFs - perhaps the big players are preparing for the imminent approval of Ethereum ETFs, with decisions due this month.
Ethereum is the next candidate for ETF approval in the U.S., and approval is only a matter of time