📈 LATEST: Ethereum treasury stocks are outperforming ETH ETFs.
🔹 Since June, both ETH ETFs and treasury firms have snapped up about 1.6% of ETH supply, signaling rising institutional demand.
🔹 Treasury companies like BitMine and SharpLink offer access to staking rewards, ETH-per-share accumulation, and regulatory arbitrage, making them more compelling than passive ETFs.
🔹 With NAV multiples normalizing above 1, Standard Chartered says these firms may be better buys than spot ETH ETFs.