This CRAZY Report Could CRASH ETH's Price!

"When you combine this massive ATM issuance with other offerings in the future and the potential for people to claim stocks at a certain price point through warrants, you realize that Bitmines's BMNR stock could be quickly diluted and that could push its price lower."

"No matter how you slice it, Ethereum treasury companies are going to create serious volatility for ETH."

"What's more is that the tsunami of altcoin ETFs could hit the market soon. That's because in midepptember the SEC introduced pre-approved generic listing standards for exchangeraded products, reducing the typical approval window from 240 days to 60 to 75 days. Many of the pending ETF applications are expected to be approved in October, although the current US government shutdown may put paid to that if it continues."

"Every ETF that's filed and approved, especially those for Ethereum, deals another blow to the more speculative DAT codes like Bitmine, making it increasingly difficult for the company to sustain its MNAV premium."

"If this report has made one thing clear, is that Bitmine is in big trouble."

"Realistically though, Bitmine is likely to struggle against Ethereum ETFs. This will likely hurt its MNAV premium and in turn drag down the MNAVs of other DATO too."

"I know you don't want to hear it, but eventually BTC's rally will run out of steam. And if Sailor's company starts to stumble, that could post a big risk to Bitcoin."

"So, if a company of this size were to falter, it could trigger major ripple effects across the entire DAT landscape, be they for ETH, BTC, or altcoins."

"If that happens, it would signal that the entire DAT model may be fundamentally unsustainable."

"And if that were to happen, we could see these Treasury companies being forced to sell their crypto, even BTC."