Since the SEC partially approved the Ethereum spot ETF, over 3 billion dollars worth of Ethereum has been withdrawn from CEX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
X Finance Bull highlights $3,300 XRP price model filed with SEC
Top 3 Trending Crypto Coins in India Today: Why Tiny Tokens Are Getting More Attention Than Bitcoin
NEAR Macro Structure Prints Giant Double Bottom, Bullish Sentiments Remain After 80% Weekly Pump
Crypto prices
More
