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Market Cap:
24h Vol:
Cryptocurrencies: 27093
Bitcoin Bitcoin Share: 63.46%
Markets: 100453
Cryptopolitan
2024-06-03 08:39:27

Ethereum ETFs Tank in Trade as $3B ETH Exits Crypto Exchanges

Ethereum ETFs Tank in Trade as $3B ETH Exits Crypto Exchanges

Since the US SEC approved spot Ethereum exchange-traded funds (ETFs) on May 23, 2024, more than $3 billion worth of Ethereum has left centralized crypto exchanges. Fewer coins are available for sale when exchange reserves are low because buyers move their coins to self-custody for reasons other than selling them immediately.

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