Cryptocurrency News Today TheBitTimes.com

Fundstrat CIO Tom Lee said Ethereum is entering a “supercycle” as BitMine Immersion Technologies’ ETH holdings topped 2 million and Cathie Wood’s ARK Invest bought $4.4 million BMNR. “Ethereum is one of the biggest macro trades over the next 10-15 years,” said Lee, who is also Bitmine’s chairman, in a press release. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.” BitMine shares jumped 4% on news that its ETH treasury stash had crossed 2 million ETH worth and that Cathie Wood’s ARK Invest had added to its BMNR holdings with another buy yesterday. BMNR share price (Source: Google Finance ) BitMine Doubles Down On Ethereum Strategy BitMine is currently the largest Ethereum treasury firm globally. In a Sept. 8 post on X, the company announced that its massive ETH stockpile reached 2,069,443 ETH....

BitMine Immersion (NYSE: BMNR) is once again capturing market attention as its Ethereum (ETH) holdings have surged from 833,137 to more than 1.15 million tokens in just one week. With an ETH portfolio valued at over $4.96 billion, the blockchain technology firm is currently the world’s largest Ethereum treasury.  As a result of the inflows, BMNR shares have jumped nearly 90% over the past five days, sitting at $60.23 in pre-market at the time of writing. BMNR stock price. Source: Google Will BitMine own 5% of the total Ethereum supply? Thomas “Tom” Lee, BitMine Board Chairman and Fundstrat co-founder, describes the rapid buildup as part of the company’s goal to acquire 5% of the total Ethereum supply, a plan known as “the alchemy of 5%.” Institutional confidence appears to support the mission, with investors such as Founders Fund, Kraken, and Digital Currency Group now backing the company.  At this rate, legal expert John E. Deaton predicts, Bi...

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Spot Bitcoin ETFs (exchange-traded funds) extended their positive inflows streak to 15 days yesterday as investors poured nearly $5 billion into the funds during this period. “15 straight days of inflows into spot btc ETFs…,” said ETF Store president Nate Geraci in an X post today. “ Approaching $5bil in new $$$. Not $5bil this year,” he added.” BlackRock Maintains Dominance, Is The Only Bitcoin ETF To Record Inflows Yesterday Data from Farside Investors shows the US Spot Bitcoin ETFs posted $102.1 million in net inflows yesterday. This comes just after the funds recorded over $500 million inflows on both June 25 and June 27. BlackRock’s IBIT, which leads the funds in terms of cumulative inflows since the products launched in January 2024, continued to display its dominance during yesterday’s trading session. On the day, the fund pulled in another $112.3 million. This has pushed IBIT’s total net inflows to $52.421 billion. I...

On June 12, Fidelity dumped 1,820 Bitcoin (BTC), worth over $190 million in total, in one of the largest institutional Bitcoin moves in recent weeks.  At the time of writing, the total daily volume for BTC is up 35%, sitting at $71.09 billion. The price, on the other hand, sits at $105,102, down -1.83%, suggesting short-term price volatility. BTC 24-hour price. Source: Finbold Ethereum ETFs At the same time, Fidelity bought another 3,900 ETH, amounting to over $9.8 million. While Ethereum is down -7.24% in the past 24 hours, ETH ETFs seem to be breaking records, witnessing inflows above $110 million today. Compared to Fidelity, BlackRock went the extra mile with no less than 36,640 ETH, more than $92.5 million in total. And this is just two days after its already enormous $80.6 million purchase.  Whatever the numbers might suggest, all eyes seem to be on ETFs as institutional owners make unprecedented moves.  What’s more, with the Ripple v. SEC...