Since the SEC partially approved the Ethereum spot ETF, more than $3 billion worth of Ethereum has been withdrawn from CEX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%.
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