Ether reserves on centralized exchanges have reached a three-year low, decreasing by nearly 10.7 million ETH since September 2022, now totaling about 17.4 million ETH. This decline stems from growing demand from investment funds and corporate treasuries, with $13 billion in net inflows to spot ETH exchange-traded funds (ETFs) since their launch in July 2024. Corporate purchases have also significantly impacted supply, with 17 publicly traded companies holding over 3.6 million ETH collectively. Notable corporate moves include SharpLink Gaming pivoting its reserves into Ether and others amassing substantial holdings. Moreover, ETH's dual role as a macro and productivity asset allows it to generate yield through staking, making it attractive as a reserve asset. Spot ETH ETFs are evolving to potentially incorporate staking features, enhancing their appeal to institutional investors amid a steadily improving regulatory environment.

Source 🔗