BitMine Immersion Technologies reported a remarkable 20% increase in its stock price after announcing plans to make ETH its primary treasury asset, marking a staggering 1,000% gain since the announcement.

Recent data shows that ether ETFs attracted $40 million in inflows on July 1, contrasting with bitcoin ETFs that had just ended a 15-day streak of inflows.

Despite a recent 5% increase in the price of ETH, it remains down 24% for the year, highlighting the ongoing market volatility and competition from other cryptocurrencies like Solana.

Similarly, SharpLink Gaming's stock rose over 11% after initiating an ETH treasury strategy, while Bit Digital's stock increased by more than 6% as it shifted focus from bitcoin mining to ETH staking.

On July 2, 2025, stocks related to ether, commonly known as ETH, surged due to a renewed interest in crypto assets and the tokenization trend.

This uptick in ETH interest is further fueled by BlackRock's recent launch of a tokenized money market fund on the Ethereum platform.

Devin Ryan from Citizens highlighted that real use cases for digital assets are emerging, particularly in stablecoins and the broader tokenization of various assets.

Ethereum's smart contract capabilities play a crucial role in this tokenization process, especially for stablecoins like Tether and USD Coin.

The excitement around ETH assets follows Robinhood's announcement to enable trading of tokenized U.S. stocks and ETFs in Europe, alongside significant interest in stablecoins and the Senate's passage of the GENIUS Act.