Standard Chartered: Ether Treasury Holdings Could Surge to 10% of Total Supply
Institutional interest in ether (ETH) continues to grow, with corporate treasuries now controlling 1% of the cryptocurrency’s circulating supply, according to a recent report from Standard Chartered. The bank projects that figure could climb to 10% over time — a significant structural shift that rivals the surge in inflows to spot ETH exchange-traded funds (ETFs).
Several firms, including BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET), have recently adopted ether treasury strategies, combining direct ETH holdings with staking to generate passive yield. This institutional demand, alongside ETF inflows, is viewed as a key driver of ETH’s recent outperformance relative to bitcoin. Since April, the ETH/BTC ratio has climbed from 0.018 to 0.032.
Geoff Kendrick, head of digital asset research at Standard Chartered, noted that corporate adoption of ETH is outpacing that of BTC. He cited ETH’s 3% staking yield and broader DeFi integration as compelling incentives for companies, especially in jurisdictions with limited direct access to crypto markets.
The bank views ether’s staking rewards and DeFi utility as a structural advantage over bitcoin, enhancing its appeal for balance sheet diversification. Standard Chartered reiterated its year-end ETH price target of $4,000. ETH was trading near $3,830 at the time of the report.
