[Standard Chartered Bank: Ethereum Treasury Companies Surpass US Spot ETH ETFs in Investment Value] Golden Finance reports that Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that Ethereum treasury companies have acquired approximately 1.6% of circulating ETH since June, a pace comparable to ETH spot ETFs. Their market capitalization to net asset value (NAV) ratios have returned to normal and remain above 1, demonstrating their "high investment value." He noted that these companies' investment appeal surpasses that of US spot ETH ETFs due to their ability to participate in staking and DeFi operations. SharpLink Gaming (SBET) is a representative example of this sector. Kendrick predicts that ETH treasury companies could ultimately hold 10% of circulating ETH, a faster growth rate than Bitcoin treasury companies, reflecting the widespread institutional acceptance of ETH as a corporate reserve asset.

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