Top 100 Crypto Funds Cut $ETH Holdings by 85% On-Chain in 3 Months

According to vice president of research at The Block, Larry Cermak, the quantity of Ethereum owned by cryptocurrency funds plummeted by about 85% between March 2022 and June 19. Cermak notes that the total holdings in March were $14.8 billion while as of June 19 they were $2.2 billion a decrease on-chain of roughly 85%.