Ethereum's Biggest Buyer BitMine Nears End of Purchases as ETFs Sell for Nine Straight Days
- —BitMine is about six weeks from completing its ETH purchases
- —Spot Ethereum ETFs have logged nine straight days of outflows
- —It remains unclear who will replace BitMine as a major buyer
Why it matters: The exit of the largest corporate buyer combined with persistent ETF outflows could weaken ETH demand and pressure its price.
Source: Google News (crypto query)