Cointelegraph reports that 21Shares' staking exchange traded product (ETP) has successfully withdrawn 1,000 Ethereum (ETH) from the Coinbase platform. The value of this transaction is approximately $3.8 million. This event reflects the continuous growth in demand for Ethereum and staking services in the market. Through this trading method, investors can participate in the validation process of Ethereum while enjoying corresponding rewards. As a globally recognized cryptocurrency trading platform, Coinbase provided technical support and convenience for this operation, further promoting innovation and application in the blockchain field. This withdrawal marks the demonstration of 21Shares' capabilities in managing cryptographic assets and providing liquidity, also offering more diversified investment options for investors.