Summary
- Approval of spot Ether ETFs in the US led to a $3 billion exodus of Ether from centralized exchanges.
- Investors are moving Ether to personal wallets, indicating a bullish outlook.
- Low exchange reserves suggest Ether is now seen as a store of value, potentially leading to a supply squeeze.
- The launch of Ether ETFs in late June could further impact Ether prices, with potential challenges from Grayscale’s Ethereum Trust.
