The post Why Trading Aaron Rodgers Was Indeed A ‘Good Day’ For The Green Bay Packers appeared on BitcoinEthereumNews.com. When the Green Bay Packers traded Aaron Rodgers (12) in April, 2023, it opened the door for Jordan Love (10) to take over at quarterback. Getty Images Brian Gutekunst stood before a throng of media members on April 26, 2023, and dropped an eight word bomb that had many doing a double take. Gutekunst, the Green Bay Packers general manager, had just traded quarterback Aaron Rodgers to the New York Jets. Gutekunst then summed up the deal like this. “This is a good day for the Packers,” Gutekunst said. Good day? Wow! Rodgers had won four MVP awards during his 18 seasons in Green Bay. He led the Packers to a win in Super Bowl XLV and four more NFC Championship Games (all losses). Rodgers will be a first ballot Hall of Famer and is arguably one of the 10 most important individuals in franchise history. So to call it a “good day” was interesting, to say the least. Now, 2 ½ years later, it’s safe to say Gutekunst was right. About everything. The Packers face the Pittsburgh Steelers — where Rodgers now calls home — on Sunday Night football. And while many will wax nostalgic this week about Rodgers’ time in Green Bay, it’s important to remember the Packers’ future would be bleak if Gutekunst hadn’t traded away the future Hall of Famer. “There’s always a little bittersweetness there,” Gutekunst said on the day he traded Rodgers. “But at the same time, I think we’re really excited about what this team can do moving forward.” Once again, Gutekunst was prophetic. Green Bay, coming off an 8-9 season and in salary cap hell, was going backwards with Rodgers. It was time to find out if 2020 first round quarterback Jordan Love could hack it. That answer has been a resounding… The post Why Trading Aaron Rodgers Was Indeed A ‘Good Day’ For The Green Bay Packers appeared on BitcoinEthereumNews.com. When the Green Bay Packers traded Aaron Rodgers (12) in April, 2023, it opened the door for Jordan Love (10) to take over at quarterback. Getty Images Brian Gutekunst stood before a throng of media members on April 26, 2023, and dropped an eight word bomb that had many doing a double take. Gutekunst, the Green Bay Packers general manager, had just traded quarterback Aaron Rodgers to the New York Jets. Gutekunst then summed up the deal like this. “This is a good day for the Packers,” Gutekunst said. Good day? Wow! Rodgers had won four MVP awards during his 18 seasons in Green Bay. He led the Packers to a win in Super Bowl XLV and four more NFC Championship Games (all losses). Rodgers will be a first ballot Hall of Famer and is arguably one of the 10 most important individuals in franchise history. So to call it a “good day” was interesting, to say the least. Now, 2 ½ years later, it’s safe to say Gutekunst was right. About everything. The Packers face the Pittsburgh Steelers — where Rodgers now calls home — on Sunday Night football. And while many will wax nostalgic this week about Rodgers’ time in Green Bay, it’s important to remember the Packers’ future would be bleak if Gutekunst hadn’t traded away the future Hall of Famer. “There’s always a little bittersweetness there,” Gutekunst said on the day he traded Rodgers. “But at the same time, I think we’re really excited about what this team can do moving forward.” Once again, Gutekunst was prophetic. Green Bay, coming off an 8-9 season and in salary cap hell, was going backwards with Rodgers. It was time to find out if 2020 first round quarterback Jordan Love could hack it. That answer has been a resounding…

Why Trading Aaron Rodgers Was Indeed A ‘Good Day’ For The Green Bay Packers

2025/10/23 23:22

When the Green Bay Packers traded Aaron Rodgers (12) in April, 2023, it opened the door for Jordan Love (10) to take over at quarterback.

Getty Images

Brian Gutekunst stood before a throng of media members on April 26, 2023, and dropped an eight word bomb that had many doing a double take.

Gutekunst, the Green Bay Packers general manager, had just traded quarterback Aaron Rodgers to the New York Jets. Gutekunst then summed up the deal like this.

“This is a good day for the Packers,” Gutekunst said.

Good day?

Wow!

Rodgers had won four MVP awards during his 18 seasons in Green Bay. He led the Packers to a win in Super Bowl XLV and four more NFC Championship Games (all losses).

Rodgers will be a first ballot Hall of Famer and is arguably one of the 10 most important individuals in franchise history.

So to call it a “good day” was interesting, to say the least.

Now, 2 ½ years later, it’s safe to say Gutekunst was right.

About everything.

The Packers face the Pittsburgh Steelers — where Rodgers now calls home — on Sunday Night football. And while many will wax nostalgic this week about Rodgers’ time in Green Bay, it’s important to remember the Packers’ future would be bleak if Gutekunst hadn’t traded away the future Hall of Famer.

“There’s always a little bittersweetness there,” Gutekunst said on the day he traded Rodgers. “But at the same time, I think we’re really excited about what this team can do moving forward.”

Once again, Gutekunst was prophetic.

Green Bay, coming off an 8-9 season and in salary cap hell, was going backwards with Rodgers. It was time to find out if 2020 first round quarterback Jordan Love could hack it.

That answer has been a resounding yes.

Love has led the Packers to the playoffs in his first two seasons as the starter, and Green Bay (4-1-1) is currently the No. 2 seed in the NFC. Rodgers, on the other hand, is 10-14 (.416) since leaving town.

Replacing a legend can be harder than Advanced Calculus, but Love has handled the task as well as anyone could have imagined.

“Yeah, it was definitely difficult,” Love said of replacing Rodgers. “I think just coming into an organization who, they’ve had a lot of success at the quarterback position and understanding who you’re taking over for. A-Rod had done a lot of really good things, won a lot of MVPs, won a Super Bowl, so definitely a lot of success he’s had here.

“It’s definitely going to be a tough transition. I think the main thing for me was just trying to block all that out and just understand that for me, this is a great opportunity. Something I’ve been waiting for, for three years being behind him, watching him. So I knew in the back of my head I was ready, and how best can I go out there and try and block all that extra noise out and just play my game and make my own name here.”

Love has done just that.

After a rocky start in 2023, Love and the Packers went 6-2 down the stretch, routed host Dallas in an NFC Wild Card game and lost a nailbiter at San Francisco in the NFC Divisional playoffs. Love went on the heater of all heaters late that year, throwing 23 touchdowns and one interception in a 10-game stretch.

Love battled injuries a year ago, yet still led Green Bay to an 11-6 regular season before it lost to eventual Super Bowl champion Philadelphia in the Wild Card round.

This season, Love is off to a fast start with 10 touchdowns, two interceptions, a 69.3% completion percentage and a 108.1 passer rating.

While Love, who turns 27 on Nov. 2, may never be the player Rodgers or Brett Favre were, he’s a top-10 NFL quarterback. And those aren’t easy to find.

“I don’t care if you’re in Year 10, 11, 12, you’re growing and you’re learning and the game’s evolving and so are you,” Gutekunst said of Love. “He’s right where we need him to be.”

Things haven’t gone nearly as well for the 41-year-old Rodgers since the trade.

Rodgers tore his left Achilles tendon just four plays into the 2023 campaign, missed the rest of that season and the Jets went a disappointing 7-10.

Rodgers returned in 2024 with a star-studded defense, a bevy of offensive playmakers and were dubbed a Super Bowl contender by many prognosticators. But the Jets were the NFL’s most disappointing team, going 5-12 and firing head coach Robert Saleh and general manager Joe Douglas along the way.

Rodgers had respectable numbers with 28 touchdowns and 11 interceptions in 2024. His play was uneven all season, though, and the Jets dumped him after the year.

The 41-year-old Rodgers is off to a solid start in Pittsburgh, with 14 touchdowns, five interceptions and a 105.0 passer rating. He’s averaging just 211.7 passing yards per game, though, and a mediocre 7.4 yards per attempt.

Rodgers would struggle in a race with a three-fingered sloth, meaning he no longer extends plays the way he did in his prime. The arm talent Rodgers displayed for nearly two decades in Green Bay is still real, though, and he’ll undoubtedly want to show that off Sunday.

“Arm talent and IQ is never gonna go nowhere,” cornerback Keisean Nixon said of Rodgers. “I think when he’s retired, I think he can still play better than some of these young guys. That’s just kudos to him for sure. Some people are special and some people have that aura and he’s definitely one of them.”

Cornerback Evan Williams agreed.

“Probably not as mobile as he once was, but … the arm talent still pops off the tape,” Green Bay safety Evan Williams said of Rodgers. “And of course he hasn’t lost his mental edge. That’s what makes him so special as a quarterback.”

As special as Rodgers was as a Packer, it was time to go.

Rodgers and Gutekunst were never truly on the same page after his 2021 holdout. Rodgers skipped the offseason program in 2022, lacked chemistry with a revamped receiving group, and the Packers missed the playoffs for the first time since 2018.

Most importantly, though, Love was ready to play.

In addition to opening the door for Love, trading Rodgers also landed the Packers a bevy of draft picks, which they turned into Lukas Van Ness, Luke Musgrave, Anders Carlson, Edgerrin Cooper, Jacob Monk and Evan Williams.

Cooper and Williams are keepers from that group, the verdict is still out on Van Ness and the others are already gone or could be soon.

Add it all up and Gutekunst was right.

April 26, 2023 was undoubtedly a “good day” for the Packers.

Now, they hope to make Sunday a “great night” by beating their former quarterback.

Source: https://www.forbes.com/sites/robreischel/2025/10/23/why-trading-aaron-rodgers-was-indeed-a-good-day-for-the-green-bay-packers/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

US Spot ETH ETFs Witness Remarkable $244M Inflow Surge

US Spot ETH ETFs Witness Remarkable $244M Inflow Surge

BitcoinWorld US Spot ETH ETFs Witness Remarkable $244M Inflow Surge The world of digital assets is buzzing with exciting news! US spot ETH ETFs recently experienced a significant milestone, recording a whopping $244 million in net inflows on October 28. This marks the second consecutive day of positive movement for these crucial investment vehicles, signaling a growing appetite for Ethereum exposure among mainstream investors. What’s Fueling the Latest US Spot ETH ETFs Inflow? This impressive influx of capital into US spot ETH ETFs highlights a clear trend: institutional and retail investors are increasingly comfortable with regulated crypto investment products. The figures, reported by industry tracker Trader T, show a robust interest that could reshape the market. Fidelity’s FETH led the charge, attracting a substantial $99.27 million. This demonstrates strong confidence in Fidelity’s offering and Ethereum’s long-term potential. BlackRock’s ETHA wasn’t far behind, securing $74.74 million in inflows. BlackRock’s entry into the crypto ETF space has been closely watched, and these numbers confirm its growing influence. Grayscale’s Mini ETH also saw significant action, pulling in $73.03 million. This new product is quickly gaining traction, offering investors another avenue for Ethereum exposure. It’s important to note that while most products saw positive flows, Grayscale’s ETHE experienced a net outflow of $2.66 million. This might suggest a shift in investor preference towards newer, perhaps more cost-effective, spot ETF options. Why Are US Spot ETH ETFs Attracting Such Significant Capital? The appeal of US spot ETH ETFs is multifaceted. For many investors, these products offer a regulated and accessible way to gain exposure to Ethereum without directly owning the cryptocurrency. This removes some of the complexities associated with digital asset management, such as setting up wallets, managing private keys, or dealing with less regulated exchanges. Key benefits include: Accessibility: Investors can buy and sell shares of the ETF through traditional brokerage accounts, just like stocks. Regulation: Being regulated by financial authorities provides a layer of security and trust that some investors seek. Diversification: For traditional portfolios, adding exposure to a leading altcoin like Ethereum through an ETF can offer diversification benefits. Liquidity: ETFs are generally liquid, allowing for easy entry and exit from positions. Moreover, Ethereum itself continues to be a powerhouse in the blockchain space, underpinning a vast ecosystem of decentralized applications (dApps), NFTs, and decentralized finance (DeFi) protocols. Its ongoing development and significant network activity make it an attractive asset for long-term growth. What Does This US Spot ETH ETFs Trend Mean for Investors? The consistent positive inflows into US spot ETH ETFs could be a strong indicator of maturing institutional interest in the broader crypto market. It suggests that major financial players are not just dabbling but are actively integrating digital assets into their investment strategies. For individual investors, this trend offers several actionable insights: Market Validation: The increasing capital flow validates Ethereum’s position as a significant digital asset with real-world utility and investor demand. Potential for Growth: Continued institutional adoption through ETFs could contribute to greater price stability and potential upward momentum for Ethereum. Observing Investor Behavior: The shift from products like Grayscale’s ETHE to newer spot ETFs highlights how investors are becoming more discerning about their investment vehicles, prioritizing efficiency and cost. However, it is crucial to remember that the crypto market remains volatile. While these inflows are positive, investors should always conduct their own research and consider their risk tolerance before making investment decisions. A Compelling Outlook for US Spot ETH ETFs The recent $244 million net inflow into US spot ETH ETFs is more than just a number; it’s a powerful signal. It underscores a growing confidence in Ethereum as an asset class and the increasing mainstream acceptance of regulated cryptocurrency investment products. With major players like Fidelity and BlackRock leading the charge, the landscape for digital asset investment is evolving rapidly, offering exciting new opportunities for both seasoned and new investors alike. This positive momentum suggests a potentially bright future for Ethereum’s integration into traditional financial portfolios. Frequently Asked Questions (FAQs) What is a US spot ETH ETF? A US spot ETH ETF (Exchange-Traded Fund) is an investment product that allows investors to gain exposure to the price movements of Ethereum (ETH) without directly owning the cryptocurrency. The fund holds actual Ethereum, and shares of the fund are traded on traditional stock exchanges. Which firms are leading the inflows into US spot ETH ETFs? On October 28, Fidelity’s FETH led with $99.27 million, followed by BlackRock’s ETHA with $74.74 million, and Grayscale’s Mini ETH with $73.03 million. Why are spot ETH ETFs important for the crypto market? Spot ETH ETFs are crucial because they provide a regulated, accessible, and often more familiar investment vehicle for traditional investors to enter the cryptocurrency market. This can lead to increased institutional adoption, greater liquidity, and enhanced legitimacy for Ethereum as an asset class. What was Grayscale’s ETHE outflow and what does it signify? Grayscale’s ETHE experienced a net outflow of $2.66 million. This might indicate that some investors are shifting capital from older, perhaps less efficient, Grayscale products to newer spot ETH ETFs, which often offer better fee structures or direct exposure without the previous trust structure limitations. If you found this article insightful, consider sharing it with your network! Your support helps us bring more valuable insights into the world of cryptocurrency. Spread the word and let others discover the exciting trends shaping the digital asset space. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum institutional adoption. This post US Spot ETH ETFs Witness Remarkable $244M Inflow Surge first appeared on BitcoinWorld.
Share
2025/10/29 11:45
First Ethereum Treasury Firm Sells ETH For Buybacks: Death Spiral Incoming?

First Ethereum Treasury Firm Sells ETH For Buybacks: Death Spiral Incoming?

Ethereum-focused treasury company ETHZilla said it has sold roughly $40 million worth of ether to fund ongoing share repurchases, a maneuver aimed at closing what it calls a “significant discount to NAV.” In a press statement on Monday, the company disclosed that since Friday, October 24, it has bought back about 600,000 common shares for approximately $12 million under a broader authorization of up to $250 million, and that it intends to continue buying while the discount persists. ETHZilla Dumps ETH For BuyBacks The company framed the buybacks as balance-sheet arbitrage rather than a strategic retreat from its core Ethereum exposure. “We are leveraging the strength of our balance sheet, including reducing our ETH holdings, to execute share repurchases,” chairman and CEO McAndrew Rudisill said, adding that ETH sales are being used as “cash” while common shares trade below net asset value. He argued the transactions would be immediately accretive to remaining shareholders. Related Reading: Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 ETHZilla amplified the message on X, saying it would “use its strong balance sheet to support shareholders through buybacks, reduce shares available for short borrow, [and] drive up NAV per share” and reiterating that it still holds “~$400 million of ETH” on the balance sheet and carries “no net debt.” The company also cited “recent, concentrated short selling” as a factor keeping the stock under pressure. The market-structure logic is straightforward: when a digital-asset treasury trades below the value of its coin holdings and cash, buying back stock with “coin-cash” can, in theory, collapse the discount and lift NAV per share. But the optics are contentious inside crypto because the mechanism requires selling the underlying asset—here, ETH—to purchase equity, potentially weakening the very treasury backing that investors originally sought. Death Spiral Incoming? Popular crypto trader SalsaTekila (@SalsaTekila) commented on X: “This is extremely bearish, especially if it invites similar behavior. ETH treasuries are not Saylor; they haven’t shown diamond-hand will. If treasury companies start dumping the coin to buy shares, it’s a death spiral setup.” Skeptics also zeroed in on funding choices. “I am mostly curious why the company chose to sell ETH and not use the $569m in cash they had on the balance sheet last month,” another analyst Dan Smith wrote, noting ETHZilla had just said it still holds about $400 million of ETH and thus didn’t deploy it on fresh ETH accumulation. “Why not just use cash?” The question cuts to the core of treasury signaling: using ETH as a liquidity reservoir to defend a discounted equity can be read as rational capital allocation, or as capitulation that undermines the ETH-as-reserve narrative. Beyond the buyback, a retail-driven storyline has rapidly formed around the stock. Business Insider reported that Dimitri Semenikhin—who recently became the face of the Beyond Meat surge—has targeted ETHZilla, saying he purchased roughly 2% of the company at what he views as a 50% discount to modified NAV. He has argued that the market is misreading ETHZilla’s balance sheet because it still reflects legacy biotech results rather than the current digital-asset treasury model. Related Reading: Ethereum Emerges As The Sole Trillion-Dollar Institutional Store Of Value — Here’s Why The same report cites liquid holdings on the order of 102,300 ETH and roughly $560 million in cash, translating to about $62 per share in liquid assets, and calls out a 1-for-10 reverse split on October 15 that, in his view, muddied the optics for retail. Semenikhin flagged November 13 as a potential catalyst if results show the pivot to ETH generating profits. The company’s own messaging emphasizes the discount-to-NAV lens rather than a change in strategy. ETHZilla told investors it would keep buying while the stock trades below asset value and highlighted a goal of shrinking lendable supply to blunt short-selling pressure. For Ethereum markets, the immediate flow effect is limited—$40 million is marginal in ETH’s daily liquidity—but the second-order risk flagged by traders is behavioral contagion. If other ETH-heavy treasuries follow the playbook, selling the underlying to buy their own stock, the flow could become pro-cyclical: coins are sold to close equity discounts, the selling pressures spot, and wider discounts reappear as equity screens rerate to the weaker mark—repeat. That is the “death spiral” scenario skeptics warn about when the treasury asset doubles as the company’s signal of conviction. At press time, ETH traded at $4,156. Featured image created with DALL.E, chart from TradingView.com
Share
2025/10/29 12:00