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After the approval of Ethereum spot ETFs, the outflow from cryptocurrency exchanges amounted to over 800,000 ETH.
Around 777,000 ETH worth $3 billion were withdrawn from centralized exchanges.
It's quite possible that institutional investors are behind the outflow, awaiting regulatory approval and the launch of spot ETF ETH trading.
We're waiting for trading to start in late June to early July to see what inflows occur.
LIVEGutsul Crypto News
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👀 Ethereum is being withdrawn from exchanges in significant amounts
✅ According to analytical service Glassnode, after the approval of spot ETH ETFs in the USA, more than $3 billion worth of $ETH has been withdrawn from crypto exchanges. CEX has not had this little Ethereum since September 2015.
🙏 Such movements often bode well for the medium-term prospects of the asset.
🗳 What do you think will happen to $ETH price initially? Vote with reactions:
👍 — expecting above $5k after spot ETF trading begins
😎 — at least $8k by the end of the year
🌚 — time to drop to $3k and below
🗿 — expecting a dump around $2k
#Glassnode #ETH #Ethereum #CEX
✅ According to analytical service Glassnode, after the approval of spot ETH ETFs in the USA, more than $3 billion worth of $ETH has been withdrawn from crypto exchanges. CEX has not had this little Ethereum since September 2015.
🙏 Such movements often bode well for the medium-term prospects of the asset.
🗳 What do you think will happen to $ETH price initially? Vote with reactions:
👍 — expecting above $5k after spot ETF trading begins
😎 — at least $8k by the end of the year
🌚 — time to drop to $3k and below
🗿 — expecting a dump around $2k
#Glassnode #ETH #Ethereum #CEX
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