The post Standard Chartered Backs Ethereum Treasuries appeared on BitcoinEthereumNews.com.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee because the conversation around digital asset treasuries is unexpectedly shifting. Once seen as struggling vehicles weighed down by falling valuations, they may now hold the key to where institutional crypto demand flows next. Crypto News of the Day: Standard Chartered Sees Ethereum Treasuries as the Strongest Bet in Digital Assets Sponsored Sponsored Digital asset treasuries (DATs), listed companies holding cryptocurrencies on their balance sheets, have been under pressure in recent months. This came as falling market NAVs (mNAVs) dragged share prices lower. However, according to Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, the turbulence may signal not decline but opportunity. “Rather than signalling the end of DATs, I think this creates an opportunity for differentiation,” Kendrick said in an email. He outlined three key drivers that will separate successful players from the rest: cost of funding, scale, and yield. Kendrick argues that Ethereum-based DATs are best positioned to thrive. While Bitcoin DATs account for around 4% of BTC supply, Ethereum DATs hold 3.1% of ETH. According to the Standard Chartered executive, staking yields are an added benefit for Ethereum-based DATs, giving them a structural advantage. “We think ETH and SOL DATs should be assigned higher mNAVs than BTC DATs due to staking yield,” he noted. Bitmine’s Tom Lee estimates that staking yield alone could add 0.6 points to Ethereum DATs’ mNAVs, bolstering sustainability. Sponsored Sponsored A higher mNAV signals a business model capable of purchasing more crypto, while lower ratios raise risks of consolidation. According to Kendrick, this process would likely mean coin rotation, not fresh buying. Funding, Scale, and Regulation In Kendrick’s view, cheap and creative financing, such as convertible debt, reported…

---

Filed under: News - @ September 16, 2025 5:30 pm