Ethereum Treasury Stocks 'Better Buy' Than ETH ETFs, Standard Chartered Says.
The banks says ETH treasuries and ETH ETF holders each bought 1.6% of supply since June, with more upside ahead.
What to know:
SharpLink (SBET) and other ETH treasury plays are becoming more appealing to investors as NAV multiples are normalizing.
Ethereum treasury companies and ETFs have each purchased approximately 1.6% of ETH’s total supply since June.
Companies that are buying ether (ETH) for their treasury strategy are a better buy for investors than ETH spot exchange-traded funds (ETFs), said Standard Chartered analyst Geoff Kendrick.
The analyst noted that these firms are attracting attention not just for their holdings but also for their financial structure, which is starting to become attractive for investors.
