Grayscale’s Ethereum ETF (ETHE) just paid out its first batch of Ethereum staking rewards to shareholders, a first for any US spot crypto product. ETH USD is hovering around $3,250 following the news, up +2.5% in the past 24 hours, as early strength across the broader crypto market in 2026 continues. Traders are now weighing not just price moves but also on-chain yield from regulated products that track the ETH USD price. This step moves Ethereum ETFs from merely tracking the chart to earning passive inc ...

Bitmine Immersion Technologies, chaired by Fundstrat co-founder Tom Lee, has continued to aggressively expand its Ethereum treasury, acquiring 32,977 ETH in the past week despite slower market activity toward the end of 2025. The purchase brings Bitmine’s total crypto, cash, and strategic investment holdings to $14.2 billion. As of January 4, Bitmine held 4.14 million ETH, representing approximately 3.43% of the total Ethereum supply, alongside 192 BTC and $915 million in cash. The company describes its ...

Bitmine releases Special Chairman's Message related to upcoming Annual Stockholder Meeting Bitmine staked ETH stands at 659,219 and MAVAN staking solution on track to launch Q1 2026 Bitmine remains the largest 'fresh money' buyer of ETH in the world Bitmine now owns 3.43% of the ETH token supply, two-thirds of the way to the 'Alchemy of 5%' Bitmine Crypto + Total Cash Holdings + "Moonshots" total $14.2 billion, including 4.144 million ETH tokens, total cash of $915 million, and other crypto holdings Bitmine ...

Core Insights - Ethereum is potentially on the verge of a significant price rally, as the validator entry queue has surpassed the exit queue for the first time in six months, which historically has led to price increases [1][2] - Currently, there are 890,134 ETH valued at $2.65 billion in the entry queue, compared to 267,149 ETH worth $796 million in the exit queue [1] - The last occurrence of this queue shift in June resulted in ETH's price doubling, indicating a possible target of $6,000 if the trend continues [2] Group 1 - The validator exit queue is seen as a leading indicator of selling pressure for Ethereum, with expectations that it will reach zero by January 3, which could alleviate selling pressure [3] - Market observers, including the CEO of Alphaverse Capital, have noted that the shift in staking dynamics signals a reduction in selling pressure and a resurgence in demand for staking [4] - Technical analysis suggests that if ETH breaks resistance levels between $3,050 and $3,150, it could rise to $3,700, indicating bullish sentiment in the market [4]

Core Insights - BitMine now owns over 3.0% of the total ETH token supply, aiming for a target of 5% [1] - The company's total crypto, cash, and "moonshots" holdings amount to $12.1 billion, including 3.73 million ETH tokens and $882 million in unencumbered cash [1][2] - BitMine is accelerating its Ethereum accumulation ahead of the Fusaka upgrade, which is expected to enhance scalability, security, and usability of the network [1][3] Holdings and Financials - As of November 30, 2025, BitMine's crypto holdings include 3,726,499 ETH valued at $3,008 per ETH, 192 BTC, and a $36 million stake in Eightco Holdings [2] - The company has a significant cash reserve of $882 million, contributing to its strong financial position [2] Market Position and Trading Activity - BitMine is the largest ETH treasury globally and ranks as the 2 global treasury behind Strategy Inc. [4] - The company is one of the most actively traded stocks in the US, with an average daily trading volume of $1.7 billion, ranking 39th among US-listed stocks [6] Strategic Initiatives - BitMine is developing a staking solution called The Made in America Validator Network (MAVAN), set to launch in early 2026 [4] - The company is supported by a group of prominent institutional investors, including ARK's Cathie Wood and others, to achieve its ETH acquisition goals [1] Upcoming Events - BitMine will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026 [1][6]

Core Insights - Ark Invest, led by Cathie Wood, has increased its investment in crypto-linked equities by over $20 million during a market downturn, indicating a bullish stance on the digital asset sector [1][6]. Ark Invest Purchases - The firm disclosed its latest trades, which included significant purchases in Block Inc., Circle Internet Group, and Coinbase across multiple exchange-traded funds [2]. - Specific purchases included $1.52 million in Block Inc., $878,794 in Robinhood Markets, and $13.5 million in other crypto-related stocks [3][4][7]. Market Context - Crypto-linked stocks have experienced declines between 20% and 50% over the past month, with Block down more than 20%, Circle down over 50%, and Coinbase down 30% [6][9]. - The broader crypto market has also seen a significant downturn, with the total market capitalization of stablecoins decreasing by $4.6 billion as of November 1, and Bitcoin slipping nearly 25% to around $86,800 [10]. Focus on Ethereum - Ark Invest has recently increased its exposure to Ethereum-related companies, including a purchase of 240,507 shares of Bitmine Immersion, which has seen its shares grow over 250% over the past year despite a recent decline [11]. - Bitmine's upcoming staking solution is projected to generate a 2.79% pre-tax yield, potentially positioning it among the most profitable companies in the U.S. [12].

Core Insights - BitMine now owns 3.0% of the total ETH token supply, aiming for 5% acquisition [1][3] - The company's total holdings, including crypto and cash, amount to $11.2 billion, with 3.63 million ETH tokens and $800 million in unencumbered cash [1][2] - BitMine is recognized as the largest ETH treasury globally and the second-largest crypto treasury overall [4] Financial Performance - As of November 23, 2025, BitMine's crypto holdings include 3,629,701 ETH valued at $2,840 per ETH, 192 BTC, and a $38 million stake in Eightco Holdings [2] - The average daily trading volume of BitMine stock is $1.6 billion, ranking it as the 50th most traded stock in the US [5] Strategic Initiatives - The Made in America Validator Network (MAVAN) is set to launch in early 2026, providing secure staking infrastructure [3] - BitMine will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026 [1][5] Market Context - The recent decline in crypto prices reflects impaired liquidity and weak price technicals, with ETH prices currently around $2,500, indicating a potential asymmetric risk/reward scenario [4] - The GENIUS Act and SEC's Project Crypto are anticipated to significantly transform financial services in 2025, akin to the historical changes following the end of the Bretton Woods system in 1971 [4]

Core Insights - BlackRock has registered a new Delaware statutory trust, the iShares Staked Ethereum Trust ETF, indicating a strategic move into the Ethereum staking market [1] - The registration is part of a broader trend as Ethereum staking ETFs begin trading in the U.S., with other products like the REX Osprey ETH + Staking ETF already launched [3] - Staking in Ethereum involves locking up assets for network validation, which introduces unique risks and regulatory considerations for issuers [6] Group 1: BlackRock's New Trust - BlackRock's iShares Staked Ethereum Trust ETF was formed on November 19, with the registration being a common step for ETF issuers in the crypto space [1] - The next step typically involves filing a registration statement with the SEC, although this does not indicate an imminent filing [2] Group 2: Market Context - The launch of the REX Osprey ETH + Staking ETF in late September marked the first combined spot and staking-enabled Ethereum ETF in the U.S. [3] - Grayscale also became the first U.S. issuer to incorporate staking into an exchange-listed Ethereum product in October, following regulatory approvals [3] Group 3: Staking Dynamics - The REX-Osprey ETH + Staking ETF reported approximately $2.4 million in assets as of mid-November, indicating that dedicated staking-focused Ethereum ETFs are still relatively small [4] - BlackRock's proposed changes for its iShares Ethereum Trust (ETHA) would allow the trust to receive staking rewards, which may be treated as income [5] - Staking introduces operational and custody risks that differ from simple asset holding, requiring issuers to detail various aspects of validator selection and liquidity management [6]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive specializes in medium and small-cap markets while also keeping the community updated on blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Financing & Investment - Republic Technologies (CSE: DOCT), a Canadian-listed company, secures $100 million zero-coupon convertible note financing [1] - Over 90% of the $100 million proceeds will be allocated to ETH purchase [1] - Initial ETH deployment will be $10 million [1] Business Focus - The financing aims to expand Republic Technologies' Ethereum staking and reserve operations [1]