BitMine's stock price fell below a key support level this week, trading near $18.20, as Ethereum ETF outflows persisted. The decline in BitMine's stock is attributed to ongoing weakness in the Ethereum network, which has seen $401 million in ETF outflows this month, marking 11 consecutive days of losses. This trend contrasts with inflows into Solana and XRP ETFs, which have gained $133 million and $118 million, respectively. Ethereum's network struggles are evident, with its total value locked in DeFi dropping to nearly $40 billion and network fees falling below $50 million this year. These challenges have impacted BitMine, a major Ethereum buyer, which holds 5.39 million coins valued at over $10.7 billion. Despite the current downturn, BitMine anticipates future gains from Ethereum's recovery and its staking solutions.