Ethereum Price Disappoints: Bitmine Fails to Offset ETF Exodus
ETH rebounds toward $2,500 as Bitmine nears 5% of supply, while U.S. Ethereum ETFs record $389M in five-session outflows. The post Ethereum Price Disappoints: Bitmine Fails to Offset ETF Exodus appeared first on Cryptonews.
AI summary
Ethereum is rebounding toward $2,500, but the recovery is being undercut by persistent selling pressure from U.S. spot ETH ETFs, which logged $389 million in outflows over five sessions. Bitmine's accumulation approaching 5% of ETH supply has not been enough to offset that institutional exit. Traders should watch whether ETF flows stabilize, since continued redemptions could cap upside despite large corporate buying.
