Ethereum News: BitMine Buys 10,452 ETH as ETF Outflows Mount

Key Insights Ethereum news: BitMine purchased 10,452 ETH, increasing its treasury to 6.05 million tokens. BitMine’s holdings reached 4.95% of Ethereum’s estimated circulating supply, approaching its 5% target. U.S. spot Ethereum exchange-traded funds recorded approximately $220.7 million in net withdrawals during Oct. 19–23. BitMine Immersion Technologies purchased another 10,452 Ethereum (ETH) despite weakness across cryptocurrency markets. The company disclosed its latest acquisition on Oct. 26, bringing total holdings to 6,051,933 ETH. Meanwhile, U.S. spot Ethereum exchange-traded funds (ETFs) recorded approximately $220.7 million in weekly net outflows. The contrasting developments highlighted corporate treasury accumulation alongside weaker fund demand.