Stocks linked to Ethereum surged Wednesday as institutional interest in stablecoins and tokenization reignited optimism around the blockchain platform, according to CNBC. BitMine Immersion Technologies, which pivoted to make ETH its primary treasury reserve asset, jumped 20% and is up over 1,000% since its announcement. SharpLink Gaming and Bit Digital also posted gains after adopting ETH-focused treasury strategies. Ethereum ETFs saw $40 million in inflows Tuesday, led by BlackRock’s iShares Ethereum Trust, marking a reversal from recent outflow trends in crypto funds. Tokenization involves creating digital representations of real-world assets on a blockchain, though holders do not directly own the underlying assets.
