{"id":238716,"date":"2025-10-05T12:53:10","date_gmt":"2025-10-05T12:53:10","guid":{"rendered":"https:\/\/cryptonews.com\/tr\/news\/vaneck-warns-of-eth-dilution-risk-as-digital-asset-treasuries-reach-135b\/"},"modified":"2025-10-05T12:53:10","modified_gmt":"2025-10-05T12:53:10","slug":"dijital-varlik-hazineleri-rekor-kirarken-vaneck-ethereum-yatirimcilarini-uyardi","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/tr\/news\/dijital-varlik-hazineleri-rekor-kirarken-vaneck-ethereum-yatirimcilarini-uyardi\/","title":{"rendered":"Dijital Varl\u0131k Hazineleri Rekor K\u0131rarken VanEck, Ethereum Yat\u0131r\u0131mc\u0131lar\u0131n\u0131 Uyard\u0131"},"content":{"rendered":"
\"VanEck,<\/figure>

Dijital varl\u0131k hazineleri, toplamda yakla\u015f\u0131k 135 milyar dolarl\u0131k varl\u0131\u011fa ula\u015f\u0131rken, yat\u0131r\u0131m firmas\u0131 VanEck, Ethereum (ETH)<\/a> sahiplerini uyard\u0131. <\/p>

\u015eirket, a\u011f ekonomisinin \u00fccret odakl\u0131 getirilerden, parasal varl\u0131k stat\u00fcs\u00fcne do\u011fru kaymas\u0131yla birlikte ETH sahiplerinin artan seyrelme riskiyle kar\u015f\u0131 kar\u015f\u0131ya oldu\u011funu belirtti.<\/p>

Uyar\u0131<\/a>, azalan Layer 1 i\u015flem \u00fccretleri ile birlikte, staking\u2019e kat\u0131lmayan kullan\u0131c\u0131lar i\u00e7in ETH seyrelmesinin y\u00fckselmesiyle geliyor. Bu durum, staking\u2019e kat\u0131lmayan yat\u0131r\u0131mc\u0131lar i\u00e7in uzun vadeli de\u011fer teklifini tehdit ediyor.<\/p>

\"VanEck
Kaynak: VanEck<\/a><\/figcaption><\/figure>

VanEck, Azalan Volatilite Ortam\u0131nda DAT S\u00fcrd\u00fcr\u00fclebilirli\u011fini Sorguluyor<\/h2><\/span>

VanEck\u2019in Eyl\u00fcl ay\u0131 ayl\u0131k raporu, Bitmine Immersion Technologies ve Strategy <\/a>gibi kurumlar\u0131n Dijital Varl\u0131k Hazineleri (DAT) patlamas\u0131n\u0131 tetikledi\u011fini ortaya koyarken, s\u00fcrd\u00fcr\u00fclebilirli\u011fin volatilite odakl\u0131 fonlama mekanizmalar\u0131n\u0131n korunmas\u0131na ba\u011fl\u0131 oldu\u011funu vurgulad\u0131.<\/p>

Firma, bu \u201cvolatilite reakt\u00f6rlerinin\u201d ek kripto para al\u0131mlar\u0131 i\u00e7in s\u00fcrekli piyasa dalgalanmas\u0131na ihtiya\u00e7 duydu\u011funu belirtti.<\/p>

Ancak Bitcoin\u2019in 30 g\u00fcnl\u00fck geriye d\u00f6n\u00fck volatilitesi, geni\u015f \u00e7apl\u0131 benimsenme nedeniyle yakla\u015f\u0131k on y\u0131ld\u0131r d\u00fc\u015f\u00fc\u015f trendinde.<\/p>

\"VanEck
Kaynak: VanEck<\/a><\/figcaption><\/figure>

Uyar\u0131, Ethereum\u2019un 3 Aral\u0131k\u2019ta planlanan Fusaka y\u00fckseltmesi<\/a> \u00f6ncesinde geldi; bu y\u00fckseltme, Layer 2 benimsenmesinin artmas\u0131yla staking\u2019e kat\u0131lmayan kullan\u0131c\u0131lar i\u00e7in seyrelmeyi h\u0131zland\u0131rma riski ta\u015f\u0131yor. Tarihsel olarak, Layer 2 kullan\u0131m\u0131 mainnet i\u015flem \u00fccret gelirlerini azaltm\u0131\u015ft\u0131.<\/p>

Piyasa bask\u0131lar\u0131, bir\u00e7ok DAT de\u011ferlemesinin net varl\u0131k de\u011ferlerinin alt\u0131na d\u00fc\u015fmesiyle artm\u0131\u015f durumda. VanEck, Bitmine\u2019in yak\u0131n zamanda ger\u00e7ekle\u015ftirdi\u011fi sermaye art\u0131r\u0131m\u0131 s\u0131ras\u0131nda, paketin efektif de\u011ferinin 104,61 dolar olmas\u0131na kar\u015f\u0131n 70 dolara sat\u0131ld\u0131\u011f\u0131n\u0131 ve volatilitede %75\u2019lik bir iskonto yarat\u0131ld\u0131\u011f\u0131n\u0131 belirtti.<\/p>

Semler Scientific, Strive, KindlyMD ve Empery Digital dahil olmak \u00fczere bir\u00e7ok b\u00fcy\u00fck DAT art\u0131k piyasa NAV\u2019lerinin alt\u0131nda i\u015flem g\u00f6r\u00fcyor; bu durum, ek varl\u0131k al\u0131mlar\u0131n\u0131 m\u00fcmk\u00fcn k\u0131lan \u201cvolatilite kuyusunun\u201d t\u00fckenebilece\u011fi endi\u015felerini do\u011furuyor.<\/p>

\u00d6te yandan, yak\u0131n tarihli bir Cryptonews haberine g\u00f6re, Standard Chartered analistleri farkl\u0131 bir g\u00f6r\u00fc\u015f sundu. Analistler, Ethereum\u2019un staking getirileri sayesinde Bitcoin<\/a> muadillerine k\u0131yasla daha y\u00fcksek piyasa\/net varl\u0131k de\u011feri primi olu\u015fturabilece\u011fini ve DAT trendinin en b\u00fcy\u00fck kazanan\u0131 olabilece\u011fini savundu.<\/p>

Bankan\u0131n global dijital varl\u0131k ara\u015ft\u0131rma ba\u015fkan\u0131 Geoffrey Kendrick, Ethereum hazinelerinin Haziran\u2019dan bu yana dola\u015f\u0131mdaki arz\u0131n yakla\u015f\u0131k %3,1\u2019ini biriktirdi\u011fini, Bitcoin\u2019in %4 ve Solana\u2019n\u0131n yaln\u0131zca %0,8 seviyesinde oldu\u011funu kaydetti.<\/p>

Kurumsal Ethereum Birikimi Piyasa Diren\u00e7lerine Ra\u011fmen H\u0131z Kazand\u0131<\/h2><\/span>

Bitmine, 19 Eyl\u00fcl\u2019de Galaxy Digital\u2019in tezgah \u00fcst\u00fc (OTC) masas\u0131 \u00fczerinden 69 milyon dolar de\u011ferinde ETH daha sat\u0131n alarak kurumsal Ethereum birikimini h\u0131zland\u0131rd\u0131; bu hamle, piyasan\u0131n genel zay\u0131fl\u0131\u011f\u0131na ra\u011fmen ger\u00e7ekle\u015fti.<\/p>

Bu al\u0131m, Bitmine\u2019in toplam ETH varl\u0131klar\u0131n\u0131 yakla\u015f\u0131k 1,95 milyon ETH\u2019ye, yani 8,66 milyar dolara \u00e7\u0131kard\u0131. Bu miktar, Ethereum\u2019un dola\u015f\u0131mdaki arz\u0131n\u0131n neredeyse %2\u2019sine denk geliyor ve Bitmine\u2019i en b\u00fcy\u00fck kurumsal ETH hazinesi sahibi konumuna getiriyor.<\/p>

Blockchain kay\u0131tlar\u0131, Galaxy Digital\u2019in bir saat i\u00e7inde d\u00f6rt koordineli transferle Bitmine\u2019e 15.427 ETH aktard\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu i\u015flemler, Eyl\u00fcl ba\u015f\u0131nda yap\u0131lan 46.255 ETH (201 milyon dolar) ve 80.325 ETH (358 milyon dolar) al\u0131mlar\u0131n\u0131 takip ediyor.<\/p>

\n

\ud83d\ude80 BitMine stock ($BMNR) climbed over 6% after the company disclosed it purchased nearly $1 billion in Ethereum, increasing its total $ETH<\/a> treasury valuation to $11 billion. #Ethereum<\/a> #Bitmine<\/a> #ETH<\/a>https:\/\/t.co\/O0hW0xUrLX<\/a><\/p>— Cryptonews.com (@cryptonews) September 29, 2025<\/a><\/blockquote>