How Ethereum Treasury Companies Beat Out ETFs: Standard Chartered
Ethereum (CRYPTO: ETH) treasury companies are rapidly emerging as a compelling alternative to U.S.-listed spot Ethereum ETFs, according to a Wednesday update from Geoffrey Kendrick, Head of FX and Digital Assets Research at Standard Chartered.
What Happened: New data from the bank indicates that Ethereum buying by publicly listed treasury firms has now equaled that of spot ETFs since June 1, with both groups having acquired approximately 1.6% of the total ETH in circulation.
This figure underscores the growing influence of treasury firms like Sharplink (NASDAQ:SBET), whose Ethereum holdings and share dynamics are increasingly attracting institutional interest.
“Buying by the Treasury companies has now matched that of ETFs,” Kendrick noted in a client update.
He highlighted Sharplink as a benchmark, noting its net asset value (NAV) multiple has now “eased …
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