Approximately 777,000 ETH in an average value of about $3 billion were withdrawn from crypto exchanges after the SEC approved Spot Ethereum ETFs.
The withdrawal of ETH continues in moderation that does not affect ETH’s current pricing activities but with the deflationary rate such withdrawals will have a very big impact for a long period of time especially because U.S. investors are denied or will be denied passive income from Staking since ETH will be listed as Commodity.
