Ethereum Foundation Sells 100 ETH Ahead Of Spot Ether ETF Listing

The post Ethereum Foundation Sells 100 ETH Ahead Of Spot Ether ETF Listing appeared first on Coinpedia Fintech News

Ethereum Foundation has just sold 100 ETH for 345,179 DAI raising eyebrows in the community as the foundation sold the crypto asset just before the spot Ethereum ETF listing and trading today. Ethereum Foundation has sold 2,366 ETH for 6.9 million DAI stablecoin this year. In addition, the wallet address “0xdb3” linked to Ethereum Foundation or Ether ICO moved 3,200 ETH worth $11.2 million to Kraken. Grayscale also transferred $1 billion in Ethereum to Coinbase ahead of the spot Ethereum ETF debut.