Ethereum Treasuries a Better Investment Than ETH ETFs: Standard Chartered
Main Idea
Ethereum treasuries have accumulated billions in ETH, driving a price rally as institutional investors increasingly invest in the asset, with some companies adopting strategies similar to MicroStrategy's Bitcoin accumulation to boost stock prices.
Key Points
1. Ethereum treasuries have bought billions in ETH, contributing to a price rally as institutions invest heavily in the asset.
2. Analysts note that ETH treasury companies are becoming more attractive than US spot ETH ETFs due to their current NAV multiples being just above 1.
3. Companies like SharpLink and BitMine Immersion hold $1.9 billion and nearly $3 billion in ETH, respectively, following a strategy similar to MicroStrategy's Bitcoin accumulation.
4. MicroStrategy's approach of buying digital assets to boost stock prices has been adopted by these companies, with ETH treasury companies now seeing significant inflows.
5. ETH was recently trading at nearly $3,675, down 1.5% over the past week but up 46% in the past 30 days, with predictions suggesting it could breach $5,000 by the end of 2025.
Description
ETH treasury companies have been snapping up the second biggest digital coin by market value.
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