The transfer occurred a day before the first spot Ether ETFs in the United States are expected to start trading on July 23.
Grayscale transfers $1B in ETH to Coinbase ahead of Ether ETF launch
![Grayscale transfers B in ETH to Coinbase ahead of Ether ETF launch Grayscale transfers B in ETH to Coinbase ahead of Ether ETF launch](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDcvYmMzMjZiZDYtNDllMi00YzhhLTg4MGUtZDA0NzY3ZWUyYzdhLmpwZw==.jpg)
The transfer occurred a day before the first spot Ether ETFs in the United States are expected to start trading on July 23.