In the recent market hotspot of the approval of the American spot Ethereum Exchange Traded Fund (ETF), a significant movement of Ether has been observed. According to data from the well-known crypto asset monitoring platform Whale Alert, a large amount of Ether was transferred out of Coinbase's institutional accounts and moved to an unknown new wallet. This action has attracted widespread attention in the cryptocurrency market. However, as of the report, there is no definitive information indicating whether these funds have been incorporated into the exchange's internal management or used for specific purposes. The details of this transfer and its subsequent developments will have a significant impact on market sentiment and are worth continued attention.