Ethereum ETFs Tank in Trade as $3B ETH Exits Crypto Exchanges

Since the US SEC approved spot Ethereum exchange-traded funds (ETFs) on May 23, 2024, more than $3 billion worth of Ethereum has left centralized crypto exchanges. Fewer coins are available for sale when exchange reserves are low because buyers move their coins to self-custody for reasons other than selling them immediately. source: https://www.cryptopolitan.com/ethereum-etfs-tank-as-3b-eth-exits-exchanges/