Nick Tomaino, who previously labored for Coinbase with enterprise growth after which left to discovered his personal crypto-focused funding firm, 1confirmation, has taken to the X platform to share his view on the way forward for Ethereum and the inventory market.
“The way forward for the S&P 500 is Ethereum”
The previous Coinbase government has made an essential Ethereum forecast, suggesting that the second-largest cryptocurrency and blockchain platform is more likely to exchange the main inventory index S&P 500.
This index is the standard benchmark of American monetary energy and the inventory market – the index of the biggest American corporations. This index represents the company and inventory market dominance.
By predicting that Ethereum might exchange the S&P 500, Tomaino implies that he expects the Ethereum blockchain to change into the spine of the American economic system as an alternative of conventional firms.
The way forward for the S&P 500 is Ethereum
— Nick Tomaino (@NTmoney) August 29, 2025
Ethereum consists of sensible contracts, dapps, NFTs, DeFi platforms, and numerous tokenized property. In addition to, Tomaino hints that sooner or later, all conventional shares and bonds of corporations that represent the S&P 500 would possibly go digital and run on Ethereum.
Ethereum ETFs take up $1.25 billion this week
Information shared by on-chain knowledge aggregator Sentora (previously IntoTheBlock) exhibits that this week, spot Ethereum ETFs have seen staggering $1.25 billion inflows.
Aug 29 Replace:
10 #Bitcoin ETFs
NetFlow: +1,578 $BTC(+$174.35M)🟢#iShares(Blackrock) inflows 568 $BTC(+$62.738M) and presently holds 746,584 $BTC($82.5B).9 #Ethereum ETFs
NetFlow: +12,489 $ETH(+$54.86M)🟢#iShares(Blackrock) inflows 15,127 $ETH($66.45M) and presently holds… pic.twitter.com/Hyy5GZJ98o— Lookonchain (@lookonchain) August 29, 2025
At this time, on August 29, analytics account Lookonchain reported that Ethereum ETFs noticed inflows of 12,489 ETH valued at $54.86 million. BackRock’s iShares took in 15,127 ETH value $66.45 million. It presently holds a complete of three,777,263 ETH. That is the equal of $16.59 billion.
Grayscale Ethereum Mini Belief and Grayscale Ethereum Belief sucked in 3,292 and 1,163, respectively.
