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Home ยป SEC’s Approval of Ethereum Spot ETF Trims Balances on Centralized Exchanges
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SEC’s Approval of Ethereum Spot ETF Trims Balances on Centralized Exchanges

By adminJun. 2, 2024No Comments1 Min Read
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SEC's Approval of Ethereum Spot ETF Trims Balances on Centralized Exchanges
SEC's Approval of Ethereum Spot ETF Trims Balances on Centralized Exchanges
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Ali Martinez, a well-known analyst in the cryptocurrency space, recently made an interesting observation regarding the approval of spot Ethereum ETF products in the United States. According to Martinez, approximately $3 billion worth of around 777,000 ETH has been withdrawn from various crypto exchanges since the announcement of these ETF products. Although the ETH ETFs have not yet begun trading on exchanges, this trend of significant withdrawals could have a lasting impact on the price movement of Ethereum in the future. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.

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