Ethereum ETFs may be coming soon – THIS is a huge sign

registered its highest exchange outflows in 2024 on the 18th of April. On this date, market participants withdrew 143,000 ETH from platforms, per CryptoQuant.

But the outflow in March did not bring the same result as the price fell later. However, AMBCrypto found that there were reasons the outflow jumped.One of them is the rising enthusiasm that the U.S. SEC would approve Ethereum ETFs by May. While some participants were convinced that approval would happen, some skeptics thought otherwise.

LTH-NUPL is an acronym for Long Term Holder — Net Unrealized Profit/Loss. This metric shows the behavior of holders who have held the cryptocurrency for at least 155 days.

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