Since the approval of the Ethereum ETF on May 23, over $3 billion worth of Ethereum has been withdrawn from centralized exchanges. This outflow, amounting to around 797,000 ETH, indicates a trend toward self-custody among investors. Such a reduction in exchange-held Ethereum could lead to a supply shortage. The positive sentiment around the ETF could drive Ethereum to new highs, similar to Bitcoin's recent performance post-ETF approval. #Ethereum #ETF #CryptoMarket

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