Bitwise ETHW transferred about 932 ETH to Nonco address

According to Arkham monitoring data, the Bitwise spot Ethereum exchange-traded fund ETHW marked address transferred 932.656 ETH to the Nonco address 22 hours ago, worth about $2.21 million. Historical data shows that this transaction is the first transfer transaction of this address in the past two months. Previously, Bitwise had published an article stating that Ethereum's fundamentals are still strong, more than half of the stablecoins are on the Ethereum chain, and more than 60% of DeFi assets are locked on Ethereum. Its chief investment officer Matt Hougan said that ETH now seems to be ignored, but as the year draws to a close, its poor price performance may be reversed.