Crypto exchanges see $3B Ethereum exit since ETF approvals

Since the May 23 approval of Ethereum ETFs, over $3 billion in ETH has left exchanges, signaling a potential supply squeeze.

) has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds in the United States — signaling a potential upcoming supply squeeze.Lower exchange reserves imply fewer coins are available for sale as investors move their own coins to self-custody for purposes other than immediate selling.the percentage of circulating Ether supply held on exchanges is also at its lowest level in years at just 10.6%.

Ether is currently trading at $3,781, down 0.82% over the past 24 hours and down around 23% from its all-time high,Bitcoin bull flag joins MACD to tease new BTC price all-time high next

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