cryptoTreasuryCraze
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🚨 Ethereum Treasury Boom: 8% of $ETH Supply Now in ETFs & Corporate Reserves! 📈
Hey crypto fam! Just spotted this massive shift in Ethereum – almost 8% of its total supply is now locked up in ETFs and company treasuries, up from just 3% back in April. That's huge for ETH's long-term value!
Key highlights:
$ETH ETFs alone hold over 5% of circulating supply, with AUM skyrocketing to $31.9B (doubled since June!).
Top players: BlackRock's iShares Ethereum Trust ($13.1B) and Fidelity's Ethereum Fund ($3B).
Corporate moves: Companies like BitMine (1.2M ETH), SharpLink Gaming (598K ETH), and EtherMachine (345K ETH) are stacking hard.
Speaking of SharpLink – they just announced a $400M deal to expand their ETH holdings beyond $3B! Their stock's been volatile but up 189% YTD. Analysts say firms missing Bitcoin's treasury wave are now jumping on ETH for its DeFi and Web3 potential.
ETH price update: Sitting at $4,289 (up 0.6% today), still chasing that $4,878 ATH. Could we see 10% in treasuries soon? What do you think – bullish or fad? Drop your thoughts below! 🔥
#Ethereum #ETH #cryptoTreasuryCraze #BinanceSquare #BlackRock
Hey crypto fam! Just spotted this massive shift in Ethereum – almost 8% of its total supply is now locked up in ETFs and company treasuries, up from just 3% back in April. That's huge for ETH's long-term value!
Key highlights:
$ETH ETFs alone hold over 5% of circulating supply, with AUM skyrocketing to $31.9B (doubled since June!).
Top players: BlackRock's iShares Ethereum Trust ($13.1B) and Fidelity's Ethereum Fund ($3B).
Corporate moves: Companies like BitMine (1.2M ETH), SharpLink Gaming (598K ETH), and EtherMachine (345K ETH) are stacking hard.
Speaking of SharpLink – they just announced a $400M deal to expand their ETH holdings beyond $3B! Their stock's been volatile but up 189% YTD. Analysts say firms missing Bitcoin's treasury wave are now jumping on ETH for its DeFi and Web3 potential.
ETH price update: Sitting at $4,289 (up 0.6% today), still chasing that $4,878 ATH. Could we see 10% in treasuries soon? What do you think – bullish or fad? Drop your thoughts below! 🔥
#Ethereum #ETH #cryptoTreasuryCraze #BinanceSquare #BlackRock
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🚨 Crypto Treasury Craze Has Peaked — Galaxy Digital CEO Analyzes the Future
“We may have passed the peak of crypto treasury company issuance.”
— Michael Novogratz, CEO Galaxy Digital
📌 Overview
• In the Q2 results announcement, Michael Novogratz affirmed that the crypto treasury issuance wave of companies may have peaked — emphasizing that the market will now be selective about which companies have the potential to become the 'big players' in the industry.
• New entrants may struggle to attract capital and attention like the established 'giants' such as MicroStrategy, BitMine (Tom Lee), and SharpLink (Joe Lubin).
— Michael Novogratz, CEO Galaxy Digital
📌 Overview
• In the Q2 results announcement, Michael Novogratz affirmed that the crypto treasury issuance wave of companies may have peaked — emphasizing that the market will now be selective about which companies have the potential to become the 'big players' in the industry.
• New entrants may struggle to attract capital and attention like the established 'giants' such as MicroStrategy, BitMine (Tom Lee), and SharpLink (Joe Lubin).
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