Ethereum Treasuries a Better Investment Than ETH ETFs: Standard Chartered
The post Ethereum Treasuries a Better Investment Than ETH ETFs: Standard Chartered appeared on BitcoinEthereumNews.com.
In brief Ethereum treasuries have bought up billions in ETH. Standard Chartered analyst Geoffrey Kendrick thinks they may get investors better value for money than ETFs. The price of ETH has rallied as institutions pile into the asset. Buying shares in Ethereum treasuries is a better investment than buying ETH exchange-traded funds, an analyst wrote in a Wednesday note. Standard Chartered digital assets researcher Geoffrey Kendrick wrote Wednesday that treasuries are offering shareholders better value for money as the net asset value—the per share valuation of the asset in an ETF—is increasing compared to ETFs. “This normalisation of the net asset value multiple makes the treasury companies now very investable for investors seeking access to ETH price appreciation, increasing ETH per share (SBET uses an ETH concentration measure which is increasing) and access to staking rewards,” he wrote. He added: “Given NAV multiples are currently just above 1 I see the ETH treasury companies as a better asset to buy than the US spot ETH ETFs.” Kendrick’s note comes as the treasuries have mushroomed but also as investors have poured assets into the nine ETH funds currently listed. SharpLink (SBET) and BitMine Immersion, among others, already hold $1.9 billion and nearly $3 billion in ETH, respectively, over the few weeks since debuting their strategies. ETH ETFs—approved last year—give investors exposure to the second largest digital coin by market value via shares that trade on stock exchanges. But companies have started buying ETH in the hope people will buy their shares as an investment. ETH can generate users returns as the coins can be used in staking—a practice where holders lock up their tokens to support the cryptocurrency’s network in exchange for more ETH. Kendrick noted: “ETH treasury companies are becoming more important, in terms of flows, than their BTC…
Filed under: News - @ August 6, 2025 11:24 pm