๐๐ฅ ๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ-๐๐๐๐ค๐๐ ๐ฌ๐ญ๐จ๐๐ค๐ฌ ๐ฌ๐ฎ๐ซ๐ ๐ ๐๐ฌ ๐๐๐ ๐๐๐ ๐ข๐ง๐๐ฅ๐จ๐ฐ๐ฌ ๐ซ๐๐ญ๐ฎ๐ซ๐ง ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
โค Stocks tied to Ethereum surged on July 2, with multiple companies posting double-digit gains as ETHโs price climbed 8.1%.
โค The rally came as ETH spot ETFs saw a $40.7M inflow, marking a clear return of investor confidence after weak flows earlier in the year.
โค BitMine Immersion Technologies (BMNR) announced itโs ditching Bitcoin and switching to ETH as its main treasury asset. The stock jumped 27.17%.
โค SharpLink Gaming (SBET) confirmed itโs holding 198,167 ETH and earned 222 ETH from staking since June 2. Its stock rose 28%.
โค Bit Digital (BTBT) is now focused only on ETH staking and treasury strategies after raising $162.9M. Its stock surged 13.85%.
โค Experts say this shift is due to Ethereumโs growing real-world use cases, especially in stablecoins, tokenization, and DeFi.
โค Devin Ryan from Citizens Bank said:
โWeโre finally at the point where real use cases are emergingโฆ stablecoins are just the beginning.โ
โค The Ethereum Community Foundation (ECF) is now focused on growing ETHโs value by improving infrastructure and funding projects that burn ETH.
๐ Bottom Line:
Ethereum adoption is rising fast โ not just in crypto but in traditional companies too, and the ETH ETF inflows could fuel more upside for both ETH and ETH-related stocks.