Crypto
Ethereum Presses $2,775 Q3 High as Staked Supply Meets Treasury Yield
Ethereum is trading at $2,716.89 after a strong third quarter that saw it rise by 70.6%, its strongest quarterly gain on record.
The U.S. spot Ethereum ETFs drew in $3.1 billion in Q3, their first inflows since two straight quarters of outflows.
Bitmine holds 6 million ETH, or 4.9% of total supply, and stakes 84% of its holdings.
The quarterly high came in at $2,775.17, with Ethereum still down 45.2% from its all-time high of $4,953.73.