Ethereum News Today: Institutions Bet Big on Ethereum as Upgrades Unlock Mainstream Potential

BitMine Immersion (BMNR) has solidified its position as the largest Ethereum treasury holder, accumulating 3.6 million ETH valued at over $11 billion, according to its November Chairman's message. The firm's strategic pivot to a pure-play Ethereum treasury and staking model has driven rapid growth, with its ETH holdings increasing from 30,663 tokens in June 2025 to 153,547 by October 2025. This expansion is part of a broader institutional bet on Ethereum's long-term potential, fueled by upcoming upgrades like the Fusaka hard fork and regulatory developments such as the U.S. GENIUS Act.

Ethereum's Fusaka Upgrade, scheduled for December 3, 2025, is a pivotal moment for the network. The upgrade introduces PeerDAS and Verkle Trees, which aim to boost scalability by increasing block capacity from 45 million to 150 million gas units. These innovations are expected to reduce transaction costs and improve Layer 2 (L2) throughput, potentially enabling Ethereum to process tens of thousands of transactions per second. The upgrade follows successful testnet trials and a $2 million bug bounty program, signaling strong developer confidence. Analysts note that past upgrades have historically correlated with price rallies, raising expectations for ETH's performance post-Fusaka.

Institutional adoption of Ethereum continues to accelerate. BitMine's stock has attracted $1.4 billion in average daily trading volume, reflecting growing investor appetite for crypto-related equities. Meanwhile, Singapore Exchange is set to launch Bitcoin and Ethereum perpetual futures on November 24, targeting institutional investors seeking regulated exposure to digital assets. These moves underscore Ethereum's transition from speculative asset to mainstream financial infrastructure, bolstered by its role in tokenizing real-world assets.

Market dynamics remain volatile. Recent data shows $1.58 billion in stablecoin inflows to Binance, while Ethereum faced outflows, hinting at accumulation amid uncertainty. BitMine's CEO appointment of Chi Tsang has drawn attention, as the firm navigates a broader crypto correction. Despite a 6% year-to-date decline in ETH prices, BitMine and other treasuries remain optimistic, citing seasonal strength in Q4 and improving trading volumes. According to recent reports.

Regulatory tailwinds further support Ethereum's trajectory. The GENIUS Act and SEC's Project Crypto are likened to the 1971 gold standard collapse, which catalyzed Wall Street's modernization. These developments are expected to enhance clarity for tokenized assets and staking, attracting traditional finance players to Ethereum's ecosystem.