Since the SEC partially approved the Ethereum Spot ETF, cryptocurrency exchanges have seen a total of $3 billion Ethereum outflows
2024-06-03 00:47:59
CryptoQuant data shows that between May 23, when the SEC partially approved the Ethereum spot ETF, and June 2, CEX's Ethereum reserves have decreased by 797,000, worth about $3.02 billion. At the same time, Glassnode data shows that the percentage of ETH circulating supply held by CEX is also at its lowest level in many years, at only 10.6%.
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