Tom Lee Calls Ethereum Price Bottom as ETH ETFs Surpass BTC ETFs in Daily Inflows

By Marco Piccolo

BMNR Ether holdings

Key highlights:

  • Fundstrat’s Tom Lee predicted an Ethereum bottom amid a $200B market dip, citing strong technical signals and treasury accumulation.
  • BitMine Immersion Technologies, Lee’s ETH treasury firm, bought $21.3 million worth of Ether during the downturn.
  • Spot Ethereum ETFs recorded over $443 million in net inflows on Monday, outpacing Bitcoin ETF flows more than twofold.

Tom Lee sees ETH bottom forming near $4,300

Tom Lee, Managing Partner at Fundstrat Global Advisors, predicted early Tuesday that Ethereum was bottoming out following a sharp downturn in the broader crypto market. Posting on X at 1 a.m. UTC, Lee stated, “Calling ETH bottom to happen in next few hours,” as the total crypto market saw over $200 billion wiped in liquidations.

Lee shared insights from Mark Newton, Fundstrat’s Head of Technical Strategy, who described Ethereum as offering “a very good risk/reward here.” Newton projected that ETH would likely bottom around $4,300 and rebound towards new highs, targeting resistance between $5,100 and $5,450.

At the time of Lee’s call, Ethereum had already begun recovering, trading above $4,430 after falling more than 7% in 24 hours. The rebound aligned with Newton’s bullish thesis, which remains valid as long as ETH stays above the $4,067 support level.

BitMine continues aggressive ETH accumulation

Coinciding with Lee’s bullish call, BitMine Immersion Technologies (an Ethereum treasury chaired by Lee) disclosed the purchase of 4,871 ETH worth $21.3 million on Tuesday. According to Arkham Intelligence, BitMine now holds approximately 1.52 million ETH, valued at around $6.7 billion, making it the largest corporate holder of Ethereum.

Bitmine Immersion (BMNR) ETH balance since July 10, 2025. Image source: Arkham Intelligence

BitMine has significantly expanded its crypto and cash reserves, which rose by $2.2 billion over the past week to reach $8.8 billion. Its net asset value per share surged to $39.84, up from $22.84 in late July, reinforcing its dominant position with 40% of all corporate-held ETH, based on data from StrategyEthReserve.

Ethereum ETFs surpass Bitcoin ETFs in daily inflows

On Monday, spot Ethereum ETFs in the U.S. recorded $443.9 million in net inflows, more than double the daily inflows seen by Bitcoin ETFs.

BlackRock’s ETHA led the pack with $314.9 million, followed by $87.4 million into Fidelity’s FETH. Other funds from Grayscale, Bitwise, 21Shares, and Invesco also saw positive flows, according to data from SoSoValue.

The spike in ETH ETF inflows signals a notable investor pivot towards Ethereum, driven by its staking rewards, increasing regulatory clarity, and growing adoption by corporate treasuries like BitMine. The trend contrasts with Bitcoin’s recent slide below $110,000, as broader market sentiment turns cautious following the fading impact of dovish signals from the Federal Reserve.

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Source:: Tom Lee Calls Ethereum Price Bottom as ETH ETFs Surpass BTC ETFs in Daily Inflows

Updated: August 26, 2025 at 11:52 am
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