$ETH $BTC Ether (ETH) holders are transferring their assets to cryptocurrency exchanges at the fastest rate seen in nearly four months, according to CoinDesk. This increase in activity comes on the back of a rally in cryptocurrency due to increased anticipation of US spot exchange-traded fund (ETF) approval.

Blockchain data from Nansen Intelligence reveals that net inflows to exchanges on Tuesday reached 81,840 ETH, equivalent to approximately $306 million at current prices. This is the highest daily amount since January 23. Tuesday also marked the third consecutive day of inflows, breaking the general decreasing trend in ETH balances on exchanges. The last time ETH entered exchanges for consecutive days was in March, around the peak of the year for crypto prices.