TRADER456
10-07

$BitMine Immersion Technologies Inc.(BMNR)$ $Grayscale Ethereum Mini Trust ETF(ETH)$ 


According to PANews, Tom Lee addressed criticism from Mechanism Capital partner Andrew Kang, who described Lee's optimistic view on Ethereum as 'stupid.' Speaking at the Token 2049 forum, Lee responded by stating, 'In the crypto world, being 'stupid' is a good thing. I take it as a compliment. I am ETH-tarded.'

All nine Ethereum ETFs recorded positive inflows.

BlackRock’s iShares Ethereum Trust (ETHA) led with $692 million in net inflows, pushing its total to $13.85 billion.

According to data from SoSoValue, reported by Wu Blockchain, Ethereum (ETH) spot exchange-traded funds (ETFs) attracted a combined $1.3 billion in net inflows last week — marking one of the strongest weeks for institutional investment in Ethereum since launch.

All nine Ethereum spot ETFs recorded net inflows during the week, signaling renewed institutional confidence and sustained demand for ETH exposure.

BlackRock’s iShares Ethereum Trust (ETHA) led the pack, with $692 million in inflows, bringing its cumulative total to $13.85 billion. The performance underscores Ethereum’s growing status as the second-most sought-after digital asset among traditional finance investors, following Bitcoin.

The surge in inflows also coincides with Ethereum’s price recovery, trading around $4,500, and broader optimism across the crypto market amid expectations of further rate cuts by the U.S. Federal Reserve.

Analysts note that the inflows suggest institutional investors are increasingly viewing Ethereum not only as a smart contract leader but also as a core holding in digital asset portfolios.

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