Summary
- The head of Standard Chartered's crypto asset research assessed that listed companies holding Ethereum (ETH) are more favorable than listed companies holding Bitcoin (BTC) in terms of staking yields, regulatory clarity, and growth potential.
- He particularly projected that Ethereum-listed companies are more likely to show the strongest long-term resilience.
- He said that if mNAV continues to fall below 1, mergers and acquisitions (M&A) among listed companies are expected to intensify.
On the 15th (local time), according to crypto-focused media CoinDesk, Standard Chartered (SC) head of crypto asset research Geoff Kendrick analyzed that recently listed digital asset treasury companies (DAT) have been hit by a decline in market net asset value (mNAV).
Kendrick assessed that DATs holding Ethereum (ETH) have greater advantages than Bitcoin (BTC) DATs in terms of staking yields, regulatory clarity, and growth potential. He particularly projected that Ethereum DATs are more likely to show the strongest long-term resilience.
He also forecasted that if mNAV continues to fall below 1, mergers and acquisitions (M&A) among DATs would intensify. In this regard, Kendrick noted, "Bitcoin DATs are more likely to place weight on competitor acquisition strategies than simple purchases," and mentioned companies like MicroStrategy as representative examples.
JH Kim
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