Ethereum ETFs lose $145M as investors await delayed inflation data amid longest-ever government shutdown fears.Read more: https://t.co/jB3DtywDb5 ...

Bitcoin ETFs - Bitcoin ETFs experienced a net outflow of 4,998 BTC, equivalent to $526.81 million [1] - ARK21Shares saw outflows of 2,544 BTC, valued at $268.14 million, holding a total of 42,474 BTC, worth $4.48 billion [1] Ethereum ETFs - Ethereum ETFs recorded a net inflow of 4,202 ETH, amounting to $15.81 million [1] - BlackRock experienced inflows of 12,098 ETH, valued at $45.51 million, holding a total of 4,052,934 ETH, worth $15.25 billion [1]

Ethereum ETFs Bleed $429M in Largest Single-Day Outflow Since Early September► https://t.co/LxtGJ8SdNw https://t.co/LxtGJ8SdNw ...

Core Viewpoint - Kerrisdale Capital has taken a short position in BitMine Immersion (BMNR), criticizing its business model as outdated and unsustainable in current market conditions [1][2]. Company Overview - BitMine, based in Las Vegas, has shifted from a niche bitcoin miner to an ether-focused corporate treasury, raising over $10 billion since July 2025 and acquiring more than 2.8 million ETH [3]. - The stock price surged from approximately $5 to over $100 following the launch of its ether treasury strategy but has since declined to around $58 [4]. Financial Strategy and Market Position - Kerrisdale argues that BitMine's strategy of issuing shares at a premium to acquire crypto is no longer viable, with the pace of stock issuance reaching about $170 million per day, leading to investor fatigue [4]. - The recent $365 million equity raise was criticized as a "discounted giveaway" when considering warrant terms [4]. Leadership and Investor Sentiment - The report questions the effectiveness of Thomas Lee's leadership, suggesting he lacks the influence needed to maintain investor confidence compared to other industry figures [5]. Market Competition and Alternatives - Kerrisdale remains bullish on ether but sees no reason to pay a premium through intermediaries like BitMine, suggesting direct purchases of ETH instead [6]. - The competitive landscape is intensifying, with over 150 U.S.-listed firms planning $100 billion in crypto treasury offerings and upcoming Ethereum ETFs expected to provide lower-cost exposure [6]. Performance Metrics - BitMine's disclosures have become less transparent, with ETH-per-share growth slowing significantly despite an increase in token holdings. The market premium for BitMine has decreased from 2.0x in August to around 1.2x in October [7].

Oct 7 Update:10 #Bitcoin ETFsNetFlow: +9,576 $BTC(+$1.19B)🟢#BlackRock inflows 7,579 $BTC(+$943.11M) and currently holds 791,347 $BTC($98.48B).9 #Ethereum ETFsNetFlow: +34,138 $ETH(+$161.13M)🟢#BlackRock inflows 18,959 $ETH($89.49M) and currently holds 3,952,823 $ETH($18.66B).https://t.co/fwALI4vR6S ...

ETF Inflows - US spot Bitcoin ETFs 录得第二佳单周流入量，达 32 亿美元 [1] - Ethereum ETFs 录得 13 亿美元流入量 [1]

Oct 2 Update:10 #Bitcoin ETFsNetFlow: +5,643 $BTC(+$675.21M)🟢#BlackRock inflows 3,451 $BTC(+$412.87M) and currently holds 773,461 $BTC($92.54B).9 #Ethereum ETFsNetFlow: +14,864 $ETH(+$65.64M)🟢#Fidelity inflows 8,324 $ETH($36.76M) and currently holds 772,054 $ETH($3.41B).https://t.co/Ii456MjWmP ...

🚨JUST IN: BITCOIN SPOT ETFS SAW $676M INFLOWS ON OCT 1, ETHEREUM ETFS ADDED $80.7M ...

🚨 UPDATE: Bitcoin ETFs lost 4,083 $BTC in outflows today while Ethereum $ETFs saw 81,358 $ETH outflow. https://t.co/66XTOUr9V2 ...

🚨 UPDATE: Bitcoin ETFs saw net outflows of 1,790 $BTC today, while Ethereum ETFs recorded outflows of 50,655 $ETH. https://t.co/qAyhfVXWAL ...