Ethereum Exodus Accelerates: Exchange Supply Plunges to 9-Year Low as Institutions Pile In

Ethereum's great migration off exchanges hits unprecedented velocity.

The Institutional Stampede

Smart money floods into ETH while supply on trading platforms evaporates. Funds flow toward staking protocols and cold storage at rates not seen since 2016.

Supply Shock Dynamics

Available liquidity tightens as institutions bypass traditional custody solutions. The 9-year supply low creates structural scarcity that could redefine market dynamics.

Wall Street finally discovers what crypto natives knew for years—though they'll probably still charge 2% management fees for the privilege.

As per CoinMarketCap, Ethereum is currently trading at $4,030, down 3.5% over the last 24 hours, with a daily trading volume of $42.74 billion. It dipped below $2,000 in early 2023, surged past $4,000 in mid-2024, briefly fell under $2,000 again in early 2025, and has now bounced back to $4,000.

CryptoOnchain shared on X, “Ethereum exchange outflows hit a two-year high! Large-scale withdrawals often indicate a shift toward self-custody or DeFi deployments.” Historically, such massive outflows have signaled bullish trends.

📊 Ethereum exchange outflows hit a 2-year high!

CryptoQuant data shows that the 30-day SMA of ETH netflow (total) is at its highest level since September 2023. Large-scale withdrawals often indicate a shift toward self-custody or DeFi deployments, reducing exchange liquidity… pic.twitter.com/mWbp4CkTqv

Institutional treasuries drive accumulation

Institutional treasuries have accelerated accumulation since June. Analyst Rachael said, “Ethereum is getting the Wall Street glow-up. Treasuries are stacking ETH, exchange supply hits nine-year low, and Tom Lee’s calling US$10K to US$15K by year-end.”

BitMine alone now holds 2.4 million ETH, over 2% of the total supply. Since April, 68 entities have acquired 5.26 million ETH, worth about $21.7 billion, according to StrategicEthReserve. Most of these holdings are staked for yield rather than stored on exchanges, further tightening supply.

Meanwhile, Ethereum ETFs are seeing mixed results, as per Sosovalue data. BlackRock’s ETHA remains dominant with $15.93 billion in net assets but faced a $26.47 million outflow on September 24. The biggest daily outflow, $33.26 million, was recorded by Fidelity’s FETH, indicating a change in investor opinion.

Falling exchange supply and institutional buying suggest growing confidence in Ethereum’s future. With less ETH available for sale, upward price pressure could intensify if demand continues to rise.

Also Read: ETH Struggles to Hold $4K, As Bitcoin Battles for $110K Support