Since the SEC partially approved the Ethereum spot ETF, over 3 billion dollars worth of Ethereum has been withdrawn from CEX
Data from CryptoQuant shows that from May 23, when the SEC partially approved Ethereum spot ETFs, to June 2, CEX's Ethereum reserves have decreased by approximately 797,000 coins, valued at about $3.02 billion. At the same time, Glassnode data indicates that the percentage of ETH circulating supply held by CEX is at its lowest level in many years, only accounting for 10.6%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana falls 8.3% as whale wallets and ETF inflows reach new highs
Euro edges lower against British Pound as Germany’s Retail Sales fall more than expected in July
Ripple unlocks 1 billion XRP from escrow, leaving 31.28 billion in lockup
MAS Pushes Singapore Stablecoin Regulation Into Binding Law
Crypto prices
More
