Nick Tomino, who previously worked for Coinbase in business development, found one structure, an investment company focused on his own crypto, but took him to the X platform and shared his views on the future of Ethereum and the stock market.
“The future of the S&P 500 is Ethereum.”
The former Coinbase executive made a key Ethereum forecast, suggesting that the second-largest cryptocurrency and blockchain platform is likely to replace the major stock index, S&P 500.
This index is a traditional benchmark for the US financial power and stock markets, and is the index of America’s largest companies. This index represents the dominance of the corporation and the stock market.
By predicting that Ethereum will replace the S&P 500, Tomino expects the Ethereum blockchain to become the backbone of the American economy rather than the traditional company.
The future of the S&P 500 is Ethereum
– Nick Tomino (@ntmoney) August 29, 2025
Ethereum includes smart contracts, DAPPS, NFTS, Defi platforms, and a variety of tokenized assets. Moreover, Tomaino suggests that in the future, all traditional stocks and bonds from the companies that make up the S&P 500 could become digital and run on Ethereum.
Ethereum ETFS will absorb $1.25 billion this week
Data shared by on-chain data aggregator Sentora (formerly IntotheBlock) shows that Spot Ethereum ETF saw an incredible $1.25 billion inflow this week.
Updated August 29th:
10 #bitcoin etfs
Netflow: +1,578 $btc (+$174.35m) #ISHARES (BLACKROCK) ISHARES 568 $BTC (+$62.738m) and currently holds $746,584 ($8.25 billion).9 #ethereum etfs
Netflow: +12,489 $ETH (+$54.86m)– lookonchain (@lookonchain) August 29, 2025
Today, August 29th, Analytics account LookonChain reported that Ethereum ETF saw an influx of 12,489 ETH, $5486 million. Backrock’s iShares won 15,127 ETH, worth $66.45 million. Currently, it holds a total of 3,777,263 ETH. This amounts to $165.9 billion.
The Grayscale Ethereum Mini Trust and the Grayscale Ethereum Trust were sucked at 3,292 and 1,163 respectively.
