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Benzinga
Benzinga
Business
Murtuza J Merchant

Ethereum Treasuries Could Soon Own 10% Of All ETH: Standard Chartered

Standard Chartered Ethereum Bitcoin Crypto
Mining,Crypto,Currency,-,Ethereum.,Online,Money,Coin,In,The

Standard Chartered Bank says Ethereum (CRYPTO: ETH)-focused corporate treasuries have already purchased 1% of all ETH in just two months and could grow to own as much as 10% of the total supply.

What Happened: The projection reflects a shift in digital asset allocation strategy among public companies, with Ethereum gaining preference over Bitcoin (CRYPTO: BTC) due to yield-generating capabilities and regulatory arbitrage advantages.

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