Standard Chartered's analyst Geoffrey Kendrick has stated that investing in Ethereum treasuries offers better value than purchasing Ethereum ETFs. With the price of ETH recently rallying, Kendrick highlighted that treasuries are now seen as a more attractive option for investors looking to benefit from ETH price appreciation and staking rewards. He noted that as net asset values for these treasuries normalize, they become more investable compared to US spot ETH ETFs, which currently have NAV multiples just above 1. Kendrick emphasized the significance of ETH treasury companies, which have collectively purchased 1% of all ETH since June. Notably, treasuries like SharpLink and BitMine have already amassed billions in ETH shortly after launching their strategies. As demand for Ethereum increases, ETH ETFs have shown substantial inflows, surpassing Bitcoin funds recently. However, Kendrick believes the direct investment in treasury companies is superior for capitalizing on ETH's growth potential.

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