Ether reserves on centralized exchanges have hit a three-year low, dropping by nearly 10.7 million ETH since September 2022, now standing at about 17.4 million ETH. Corporate treasuries and ETH ETFs are driving demand, with over $13 billion in net inflows to spot ETH ETFs since July 2024.

Public companies like SharpLink Gaming and BitMine Immersion Technologies have pivoted reserves into Ether, accumulating millions of ETH. Ethereum Treasuries data shows 17 publicly traded companies holding over 3.6 million ETH. ETH’s yield-generating potential through staking is a key attraction for corporate treasuries.

ETH staking entry queue has climbed to its highest level since 2023, with 860,369 ETH worth about $3.7 billion waiting to be staked. BlackRock’s iShares Ethereum ETF (ETHA) has become one of the fastest-growing ETFs, with assets worth over $16 billion, contributing to the $24 billion AUM collectively held by spot ETH ETFs.

Analysts believe the surge in ETH ETF demand reflects a recognition of Ethereum’s adoption rate and value proposition, with staking seen as the next frontier. ETF issuers like BlackRock and Fidelity are adding staking features to their Ether funds, awaiting SEC rulings on staking features by October.

Read more at Cointelegraph: Ethereum exchange reserves fall 38% as ETFs and treasuries lock up ETH