Ethereum Foundation to Sell Ether for Research and Development

The Ethereum Foundation (EF) has announced the sale of approximately $43 million in Ether to fund initiatives supporting research, grants, and charitable donations within the Ethereum ecosystem. The Foundation plans to convert 10,000 ETH through centralized exchanges over several weeks, aiming for a gradual process rather than a single large transaction. This move aligns with their established treasury policy, which determines how much Ethereum will be sold based on deviations in their fiat-denominated assets over the next three months.