Since the SEC partially approved the Ethereum spot ETF, over 3 billion dollars worth of Ethereum has been withdrawn from CEX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