Overview

• Standard Chartered research finds treasury firms trading at net asset values near 1.0, boosting their appeal compared with spot ETH ETFs
• Since June, both public treasury companies and U.S.-listed spot ETFs have each acquired about 1.6% of the circulating Ethereum supply
• Corporate ETH reserves held by publicly traded firms have jumped 18-fold to over 826,000 ETH in under three months
• Treasury-focused companies offer investors staking yield and potential DeFi exposure unavailable through current ETF structures
• Analysts maintain a $4,000 year-end price target for ETH and expect further balance-sheet accumulation as institutions seek crypto reserves