As the launch of the Ethereum spot ETF approaches, many institutions and whales are also buying and hoarding ETH. Since the SEC approved the 19b-4 application for the Ethereum spot ETF on May 23, the Ethereum reserves of centralized exchanges have decreased by 797,000 tokens, worth about $3.02 billion, from May 23 to June 2. The reduction in exchange reserves means that the number of tokens available for sale has decreased.

The proportion of ETH circulating supply held by centralized exchanges has dropped to the lowest level in many years, currently only 10.6%, which means that as the supply of ETH available for sale shrinks, the price of ETH is expected to rise sharply.

#现货以太坊ETF获美SEC批准