Ethereum Reserves Decline Amidst ETF Speculation

Ethereum’s reserves are shrinking as anticipation for Ethereum ETFs grows, according to recent market shifts. Binance saw a noticeable decrease in its Ethereum reserves over the past month, dropping from 4.1 million ETH to 3.9 million ETH. This move likely reflects investor anticipation of ETF approvals. Moody’s recent credit rating downgrade for the U.S., impacting broader financial markets, also influenced cryptocurrencies’ performance with declines across various assets like Ethereum, XRP and Dogecoin. Notably, Ethereum’s core leadership figures remain active despite market fluctuations, with no official statements on the matter.