According to a report from Standard Chartered, corporations have accumulated 1% of all Ether since June, indicating a growing institutional appetite for the cryptocurrency. This trend suggests a shift in investment from Bitcoin to Ether, with corporate treasury firms buying Ether at a faster rate than Bitcoin, driving up its price performance. The report noted that this accumulation, alongside a significant uptick in Ether exchange-traded funds (ETFs), may boost Ether's value beyond the predicted year-end forecast of $4,000. Currently, Ether prices remain over 21% below its all-time high of $4,890. Standard Chartered anticipates that institutional investments in Ether could increase to 10% of the total supply, largely due to the appeal of staking rewards and decentralized finance opportunities that Ether offers over Bitcoin. BitMine Immersion Tech is identified as the largest Ether treasury firm, holding 0.5% of the circulating supply and planning to expand its holdings significantly. The growing trend could shape the future landscape of Ethereum investments.

Source 🔗