Ethereum reserves are a 'better buy' than ETH ETFs, according to Standard Chartered.

The bank claims that ETH treasury holders and ETH ETF holders each bought 1.6% of the supply since June, with more growth potential ahead.

Companies that are buying ether (ETH) for their treasury strategy are a better choice for investors than ETH exchange-traded funds (ETFs), said Geoff Kendrick, an analyst at Standard Chartered.

The analyst stressed that these firms are attracting attention not only because of their holdings, but also because of their financial structure, which is beginning to be attractive to investors.

The purchase of ETH for the balance sheet, following the strategy of buying bitcoin

BTC$115,484,39

Michael Saylor has recently taken off. Many publicly traded companies have joined this trend and seen their stock prices skyrocket initially, boosting their market capitalization and NAV multiples. Now, their multiples of NAVs are descending from their initial peak.

Some of the major companies that enjoy this euphoria of the market include BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET).

Among these companies, Kendrick highlighted the SharpLink Gaming (SBET) NAV multiple, which peaked at around 2.50 and is now declining to a more standardised level close to 1.0. This means that their market capitalisation is only slightly higher than the value of their shares in ETH. #ETH🔥🔥🔥🔥🔥🔥 #ETHETFsApproved