SC: "Stocks of listed companies buying Ethereum (ETH) outperform Bitcoin (BTC) spot ETFs"
JH Kim
Summary
- Standard Chartered (SC) concluded that investing in shares of listed companies purchasing Ethereum (ETH) is better than investing in Bitcoin (BTC) spot exchange-traded funds (ETFs).
- SC revealed that listed companies have purchased 1.6% of the circulating supply of ETH since June and that the net asset value (NAV) premium is currently slightly above 1.
- SC stated that, based on factors such as staking and DeFi (decentralized finance), buying shares of ETH-related listed companies has advantages over investing in BTC spot ETFs.
According to The Block, a media outlet specializing in virtual assets (cryptocurrencies), on the 6th (local time), Standard Chartered (SC) assessed that buying stocks of listed companies that purchase Ethereum (ETH) is better than buying Bitcoin (BTC) spot exchange-traded funds (ETFs).
SC stated, "Listed companies have purchased 1.6% of the circulating supply of ETH since June, and the net asset value (NAV) premium is currently slightly above 1," adding, "Due to factors such as staking and DeFi (decentralized finance), buying shares of these companies is better than buying BTC spot ETFs."
JH Kim
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