{"id":25895,"date":"2025-08-07T11:24:26","date_gmt":"2025-08-07T08:24:26","guid":{"rendered":"https:\/\/forklog.com\/en\/standard-chartered-ethereum-treasuries-offer-more-attractive-alternative-to-etfs\/"},"modified":"2025-08-07T11:24:26","modified_gmt":"2025-08-07T08:24:26","slug":"standard-chartered-ethereum-treasuries-offer-more-attractive-alternative-to-etfs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-ethereum-treasuries-offer-more-attractive-alternative-to-etfs\/","title":{"rendered":"Standard Chartered: Ethereum Treasuries Offer More Attractive Alternative to ETFs"},"content":{"rendered":"<p>Public companies holding reserves in Ethereum are more appealing to investors than spot ETH-ETFs, according to Jeffrey Kendrick, head of digital assets at Standard Chartered, as reported by <a href=\"https:\/\/www.theblock.co\/post\/365832\/standard-chartered-ethereum-treasury-firms-very-investable-spot-eth-etfs\">The Block<\/a>. <\/p>\n<p>He noted that the market net asset value (MNAV) multipliers of these firms\u2014the ratio of market capitalization to the value of the cryptocurrency they hold\u2014have stabilized above 1. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I see no reason why NAV would fall below 1, because they [firms with Ethereum reserves] offer investors opportunities for regulatory arbitrage,&#8221; he stated. <\/p>\n<\/blockquote>\n<p>Unlike ETFs, companies can earn staking rewards (~3% annually) and utilize DeFi tools, enhancing overall investment returns. As Ethereum reserves grow, the asset value per share proportionally increases, creating additional value for shareholders.<\/p>\n<p>By investing in shares of such firms, stakeholders also gain indirect access to Ethereum without the restrictions imposed on exchange-traded funds.<\/p>\n<p>According to Strategic ETH Reserve, the largest holders at the time of writing include: <\/p>\n<ul class=\"wp-block-list\">\n<li>BitMine \u2014 833,000 ETH valued at over $3 billion;<\/li>\n<li>SharpLink Gaming \u2014 521,000 ETH worth $1.9 billion;<\/li>\n<li>The Ether Machine \u2014 345,000 ETH at $1.2 billion.<\/li>\n<\/ul>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXc62HVqoEYwKpfeOgDY767e2efbKB_-dRicotNLLu7DSrJAtMXLjlD-rIHp0tY2RsY_n0MAfUxQTC_lCprROaoNiQlvelYz1jWRpuF8HRq6gRx1ZDaJkudbO_nPNqpVBqjmZ52gMg.webp\" alt=\"\u0412 Standard Chartered \u043d\u0430\u0437\u0432\u0430\u043b\u0438 Ethereum-\u043a\u0430\u0437\u043d\u0430\u0447\u0435\u0439\u0441\u0442\u0432\u0430 \u0431\u043e\u043b\u0435\u0435 \u0432\u044b\u0433\u043e\u0434\u043d\u043e\u0439 \u0430\u043b\u044c\u0442\u0435\u0440\u043d\u0430\u0442\u0438\u0432\u043e\u0439 ETF\" class=\"wp-image-263425\"\/><figcaption class=\"wp-element-caption\">Top 10 Ethereum holders. Source: <a href=\"https:\/\/www.strategicethreserve.xyz\/\">Strategic ETH Reserve<\/a>. <\/figcaption><\/figure>\n<p>Since June, public companies have acquired 1.6% of the total Ethereum supply, matching the volume of ETF purchases over the same period. Kendrick predicted that these firms&#8217; reserves could grow to 10%. <\/p>\n<p>Over the past month, the price of the second-largest cryptocurrency by market capitalization has increased by more than 45%, according to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/%D1%8D%D1%84%D0%B8%D1%80%D0%B8%D1%83%D0%BC\">CoinGecko<\/a>. At the time of writing, the asset is trading at $3,700. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXdpvfyHCmK4__Oji6UQU92wkV7uL3trA4CVmrg6e1uT1TC5U9zO3UvHoJ-xa5vTY5kFY8NuzFdbuc_lY0vN8kVP-Z-MarHLN1aQW_xenJz6Z0gbk8EeD-U7A6-ZvOu11TNU5hst.webp\" alt=\"\u0412 Standard Chartered \u043d\u0430\u0437\u0432\u0430\u043b\u0438 Ethereum-\u043a\u0430\u0437\u043d\u0430\u0447\u0435\u0439\u0441\u0442\u0432\u0430 \u0431\u043e\u043b\u0435\u0435 \u0432\u044b\u0433\u043e\u0434\u043d\u043e\u0439 \u0430\u043b\u044c\u0442\u0435\u0440\u043d\u0430\u0442\u0438\u0432\u043e\u0439 ETF\" class=\"wp-image-263426\"\/><figcaption class=\"wp-element-caption\">Hourly ETH\/USD chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSD\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>Back in early August, a technical analyst known as Edward <a href=\"https:\/\/forklog.com\/en\/news\/analyst-predicts-ethereum-surge-to-16000\">predicted<\/a> Ethereum&#8217;s rise to $16,000. Key factors included technical patterns, inflows into ETFs, and growing institutional demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Public companies holding reserves in Ethereum are more appealing to investors than spot ETH-ETFs, according to Jeffrey Kendrick, head of digital assets at Standard Chartered, as reported by The Block. He noted that the market net asset value (MNAV) multipliers of these firms\u2014the ratio of market capitalization to the value of the cryptocurrency they hold\u2014have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,46,1347],"class_list":["post-25895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-ethereum","tag-standard-chartered-plc"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25895"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25894"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}