Ether's Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein
The amount of ether held on exchanges is at an all-time low of 11%, a sign that more of the cryptocurrency is being locked up for DeFi, the report said.
![Ether's Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein](https://www.coindesk.com/resizer/m63ooVRBrEjXFhGyNzClxeuPC5o=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/IHECMITGZFAEPMR7BGHYX6GW6I.jpg?#)
The amount of ether held on exchanges is at an all-time low of 11%, a sign that more of the cryptocurrency is being locked up for DeFi, the report said.
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