Ethereum

On Monday, December 29, BlackRock transferred 2,201 BTC and 7,557 ETH to Coinbase, a move valued at more than $214 million at transaction-time prices. These sizeable Bitcoin and Ethereum deposits coincided with notable daily net outflows from BlackRock's IBIT and ETHA ETFs, aligning on-chain activity with declining fund assets.

On December 29, 2025, Bitmine Immersion Technologies reported that its combined cryptocurrency and cash reserves now total $13.2 billion, including 4.11 million ETH, or 3.41% of Ethereum's circulating supply. BMNR shares traded at $28.81 that day, while the company outlined plans to expand staking and projected annual staking fee revenue of $374 million once all ETH is staked. The stock has gained over 300% year-to-date in 2025, placing Bitmine among the largest Ethereum and overall crypto treasuries globally.

On 29 December 2025, Tom Lee-backed Bitmine Immersion Technologies quietly added about 44,000 ETH for roughly $130 million, lifting its total Ethereum position above four million tokens. The firm has already staked a large share of its holdings and plans to expand validator operations through the MAVAN network in 2026, aligning its treasury strategy with long-term yield and network participation rather than short-term trading.

According to CoinShares, crypto investment products posted $446M in net outflows last week, lifting withdrawals since the early-October shock to $3.2B, with U.S. funds down about $460M and Germany up $35.7M. XRP saw $70.2M of inflows and Solana $7.5M, while Bitcoin and Ethereum recorded outflows of $443M and $59.5M.

XRP investment products saw $70.2 million of inflows while Bitcoin products registered $443 million of outflows for the week ending Dec. 27. Month-to-date, XRP stands at $424.8 million in inflows versus Bitcoin at -$25 million and Ethereum at -$241 million. The XRP Ledger AlphaNet has introduced Dilithium-based, quantum-resistant functionality on its test network.

On 29 December 2025, validator queue data showed Ethereum staking inflows surpassing exits for the first time in about six months. More than 745,000 ETH awaited activation with an estimated wait of nearly thirteen days, while the exit queue fell to roughly 360,000 ETH. ETH traded near $3,010 as participants shifted back toward longer lockups.

On December 29, 2025, Ethereum’s staking queue flipped net positive, with about 745,000–746,000 ETH waiting to enter validators versus roughly 360,000 in the exit line. Over the weekend both queues hovered near 460,000 ETH before entries accelerated, and analysts say the exit queue could soon reach zero. The shift comes alongside renewed demand from institutional treasury managers.

BitMine Immersion Technologies staked more than $1 billion in Ether within 48 hours; according to Lookonchain, the firm deposited 342,560 ETH in the two days leading up to Sunday. Validator data shows the entry queue extended to 12 days 20 hours with about 739,824 ETH pending, while the exit queue was 6 days 2 hours with roughly 349,867 ETH scheduled to withdraw.

Crypto exchange-traded products posted $446 million in net outflows over Christmas week, extending a cautious pattern that has persisted since the sharp market correction on Oct. 10. Total outflows have reached $3.2 billion over that period, even as year-to-date inflows stand at $463 billion and assets under management are up only 10%. Newer XRP and Solana ETPs continued to attract capital, while Bitcoin and Ether products, particularly in the United States, faced sustained redemptions.

For the first time in six months, Ethereum's validator entry line exceeds exits. According to the Ethereum Validator Queue tracker, about 734,299 ETH await activation with a nearly two‑week delay, versus roughly 343,179 ETH in the exit queue with a six‑day wait, after BitMine submitted 342,560 ETH over the past 48 hours.