Ethereum Updates: Bitcoin ETFs Plummet While Founder Increases Ethereum Holdings

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Ethereum Updates: Bitcoin ETFs Plummet While Founder Increases Ethereum Holdings

Bitget-RWA2025/11/24 15:46

By:Bitget-RWA

- Bitcoin ETFs face $3.5B November outflows, worsening crypto market sell-offs as BlackRock's IBIT loses $2.2B. - BitMine Immersion founder Brandon Mintz expands Ethereum treasury to 3.63M ETH despite 28.7% price drop. - Leveraged ETH positions trigger partial liquidations, highlighting risks in volatile crypto markets. - Mintz's bullish Ethereum strategy contrasts with broader caution, emphasizing long-term staking potential. - Market duality emerges as ETF outflows persist alongside buybacks and asymmetr

Bitcoin ETFs are on track to record their largest monthly outflows since launching in 2024, with U.S.-listed funds seeing $3.5 billion withdrawn in November alone,

based on Bloomberg figures

. This wave of withdrawals has intensified the strain on a cryptocurrency market already suffering from widespread selling. BlackRock's IBIT, which holds 60% of the sector’s assets, has experienced $2.2 billion in outflows this month, marking a sharp reversal from the optimism seen earlier in the year. Experts point to a feedback loop: as investors pull money from ETFs,

Bitcoin

prices fall further, which then fuels more negative sentiment.

Citi Research calculates

that every $1 billion withdrawn is linked to a 3.4% decrease in Bitcoin’s price.

Ethereum Updates: Bitcoin ETFs Plummet While Founder Increases Ethereum Holdings image 0

In the midst of this volatility,

BitMine Immersion

(BMNR) founder Brandon Mintz has taken a contrarian approach, selling Bitcoin acquired during previous downturns but remaining optimistic about

Ethereum

. Mintz, who recently left his CEO role to concentrate on strategic projects,

has kept increasing his Ethereum portfolio

, with the company now holding 3.63 million

ETH

coins and $11.2 billion in combined crypto and cash reserves. This move fits BitMine’s shift toward an Ethereum-focused treasury strategy, aiming to benefit from the asset’s long-term staking rewards. Despite Bitcoin’s 22% drop this month and Ethereum’s 28.7% slide, Mintz is undeterred in his accumulation of crypto,

referencing Ethereum’s historical ability to recover through price cycles

Across the wider crypto landscape, aggressive leveraged trades have worsened the declines. Notable traders like Huang Licheng and "Buddy" Huang Lilin

have experienced partial liquidations

on platforms such as HyperLiquid after taking on 25x leveraged ETH positions,

with one adding $115,000 to a 25x ETH long

. These incidents underscore the vulnerability of leveraged strategies during sharp market drops. Meanwhile, Bitcoin’s recent fall to $80,553 — a 7% decline for the year —

has sparked fears of a new "crypto winter"

, as institutional investments have not been enough to counteract the selling.

Mintz’s tactics stand in contrast to the caution shown by many in the market.

LVRG Research’s Nick Ruck commented

, "The excitement from earlier this year has completely faded," capturing the prevailing sense of exhaustion. Still, Mintz has increased his BMNR stake even as the stock has dropped 50% since August,

highlighting the potential for outsized returns relative to risk

, and arguing that Ethereum’s long-term prospects outweigh short-term swings. His approach is in line with broader industry moves,

as firms like Upexi and Ethereum treasury companies

have chosen to repurchase shares to help restore investor trust.

As the crypto sector faces ongoing regulatory challenges and economic uncertainty, figures like Mintz illustrate a blend of prudence and strong belief. While Bitcoin ETFs see capital outflows and leveraged bets unravel, some investors continue to hold faith that a new bull market is already underway.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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