Standard Chartered Bank says Ethereum ETH/USD-focused corporate treasuries have already purchased 1% of all ETH in just two months and could grow to own as much as 10% of the total supply.

What Happened: The projection reflects a shift in digital asset allocation strategy among public companies, with Ethereum gaining preference over Bitcoin BTC/USD due to yield-generating capabilities and regulatory arbitrage advantages.

According to a July 29 research note by Standard Chartered’s Digital Assets division, the volume of ETH bought by corporate treasury companies since early June has matched the strongest recorded flows into ETH exchange-traded funds (ETFs).

These ETH treasury companies…

Read more on Benzinga