Since the SEC partially approved the Ethereum spot ETF, more than $3 billion worth of Ethereum has been withdrawn from CEX
CryptoQuant data shows that from May 23 to June 2, during the partial approval of Ethereum spot ETF by the SEC, CEX's Ethereum reserves decreased by 797,000 coins, worth approximately $3.02 billion. At the same time, Glassnode data shows that the percentage of circulating supply of ETH held by CEX is also at its lowest level in years, at only 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
[Initial listing] Bitget to list Talus (US) in the Innovation and AI zone
Bitget Trading Club Championship (Phase 21)—Up to 1250 BGB per user, plus a ZETA pool and Mystery Boxes
Bitget Spot Margin Announcement on Suspension of MDT/USDT, RAD/USDT, FIS/USDT, CHESS/USDT, RDNT/USDT Margin Trading Services
STABLEUSDT now launched for futures trading and trading bots
Trending news
MoreCrypto prices
More
