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Ethereum leads broad crypto rally as Powell signals Fed rate cut likely

Meanwhile, SharpLink Gaming announced a $1.5 billion stock buyback program, sending shares up.

8/22/25 10:00AM

Ethereum is leading crypto gains following comments from Fed Chair Jay Powell signaling that the central bank would likely cut rates at its September meeting. The token’s price has increased 8% since the news broke and swung back above the $4,600 level. All major cryptos are in the green on the news.

Prior to Powell supercharging the crypto markets, ethereum treasury firm SharpLink Gaming announced that its board of directors has authorized a stock repurchase program of $1.5 billion, aiming to optimize capital allocation and reinforce the company’s long-term commitment to fueling sustainable stockholder value. Shares of the company have increased nearly 10% on the news.

“Should there exist periods where our stock trades at or below the net asset value (‘NAV’) of our ETH holdings, it would be dilutive on an ETH per share basis to issue new equity through our capital raising efforts,” SharpLink co-CEO Joseph Chalom said in a Friday press release.

“In this scenario, the accretive course of action may be to repurchase our common stock,” he added. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves.”

Meanwhile, US spot ethereum ETFs reversed a negative trend and recorded $287.6 million in inflows on Thursday. Even though the inflows yesterday halted the funds’ four-day streak of outflows, total outflows for the week remain at a record level since their inception, at roughly $578.9 million, data from SoSoValue shows.

Yaël Bizouati-Kennedy10/8/25

Bitcoin ETFs take in more than $2 billion in two days

Bitcoin is down 2.7% from its recent record which saw it passing $126,000, but bitcoin ETFs are still hot.

The ETFs have already amassed more than $2 billion this week, on track to surpass last week’s $3.2 billion in inflows. In total, bitcoin ETFs have just under $165 billion in assets under management, representing 6.78% of the total market cap, SoSoValue data shows.

BlackRock’s iShares Bitcoin Trust by far took the lion’s share, with $1.8 billion of inflows. The fund is also close to $100 billion in assets, despite not even being 2 years old.

Bitwise CEO Matt Hougan said in a note, “The stars are aligned for a very strong Q4 for flows — more than enough to push us to a new record,” in part thanks to the “debasement trade.”

Yaël Bizouati-Kennedy

Uptober

10/7/25

Bitcoin and its spot ETFs continue to hit new records

On Monday, bitcoin crossed $126,000 for the first time while bitcoin ETFs saw $1.2 billion in inflows.

10%

Sage D. Young10/7/25

Ethereum treasury companies and ETFs hold more than 10% of the cryptocurrency’s total supply of 120.7 million tokens.

Corporate firms own roughly 5.7 million, while ethereum reserves for ETFs stand at 6.8 million tokens, worth more than $59 billion, per data from analytics platform StrategicETHReserve.xyz.

BitMine Immersion Technologies and SharpLink Gaming have taken the top spots among treasury entities, amassing about 3.7 million ethereum tokens worth roughly $17.4 billion. SharpLink Gaming recently announced that its unrealized profits have reached $900 million since the rollout of its ethereum treasury strategy in June.

Meanwhile, BlackRock’s iShares Ethereum Trust ETF has secured the lead among spot ethereum ETFs with $18.6 billion in net assets. So far in October, $803.1 million of inflows have collectively entered the investment vehicles.

Sage D. Young

10/6/25

Ethereum passes $4,650 as spot ETFs continue strong streak of inflows

Meanwhile, BitMine Immersion Technologies now has more than 2% of the token’s supply.