Ether Reserves Plummet as Demand Soars from Funds and Companies

The Ethereum supply on centralized exchanges has hit a three-year low, with reserves falling by nearly 10.7 million ETH since September 2022. This decline is driven by increased demand from investment funds and corporate buyers seeking exposure to the cryptocurrency. Spot Ethereum ETFs launched in July 2024 have attracted over $13 billion in net inflows, while corporations like SharpLink Gaming and BitMine Immersion Technologies are setting up Ether treasuries, contributing to the dwindling supply on exchanges. These trends are fueled by the potential for yield generation through staking, which is becoming increasingly popular amongst investors.