TechFlow, August 7 — According to The Block, Geoffrey Kendrick, Head of Global Digital Assets Research at Standard Chartered, stated that Ethereum treasury companies are currently "highly investable" and offer greater investment advantages compared to U.S. spot Ethereum exchange-traded funds (ETFs). Since June, Ethereum treasury companies have acquired 1.6% of the circulating ETH supply, matching the purchase volume of ETH ETFs during the same period.
Kendrick noted that the net asset value (NAV) multiples of these companies have normalized and are expected to remain above 1. Compared to U.S. spot ETH ETFs, Ethereum treasury companies can offer better opportunities for Ethereum price appreciation, staking yields, and participation in decentralized finance.
