Several U.S. stocks with significant Ethereum exposure surged in pre-market trading following Ethereum’s substantial price appreciation, with analysts suggesting these equities may offer superior investment prospects compared to Ethereum exchange-traded funds (ETFs). Companies including SharpLink (SBET), BitMine (BMNR), and BTCS saw gains reaching up to 10%, directly correlated with Ethereum’s 5.5% price rise over the preceding trading sessions.
The rally coincides with robust Ethereum on-chain fundamentals, particularly in staking activity where over 36 million ETH – representing nearly 30% of the cryptocurrency’s circulating supply – remains locked in proof-of-stake contracts. This substantial staking commitment underscores growing network participation amid improving market sentiment.
Financial analysts highlight structural advantages for ETH-treasury stocks over ETFs. Geoff Kendrick emphasized that companies holding Ethereum provide inherent leverage and trade at multiples to their net asset value (NAV), creating potentially higher upside compared to passive ETFs. Institutional investors reportedly favor firms like BitMine and SharpLink due to their sizable ETH holdings combined with operational liquidity and capital efficiency.
SharpLink garnered attention as a leading corporate holder of Ethereum following its recent listing on Injective, which significantly bolstered its liquidity position. Market observers suggest this trend reflects renewed institutional appetite for crypto-correlated equities offering both direct asset exposure and traditional equity characteristics.