WisdomTree deposits $42.61M in ETH to Coinbase before market crash

Blockchain analytics firm LookOnchain outlined on X that U.S. asset management company and cryptocurrency exchange-traded fund (ETF) issuer WisdomTree deposited 11,733 ETH, worth $42.61 million, to Coinbase just before today's market crash. According to Arkham Intelligence data, the address that deposited a large amount of ETH to Coinbase about two hours ago is tagged as “WisdomTree: ETHW Spot ETF.”