Standard Chartered Sees Undervalued Potential in Ethereum and ETH-Focused Companies

Geoff Kendrick, head of global digital asset research at Standard Chartered Bank, believes that Ethereum (ETH) and ETH treasury companies are currently undervalued. According to BlockBeats, Kendrick’s analysis shows a significant increase in ETH held by these entities. Since early June, ETH treasury companies have acquired 2.6% of the circulating ETH. This purchase is further bolstered by inflows from exchange-traded funds (ETFs) during the same period, totaling 4.9% of circulation. This substantial injection shows a clear shift in market sentiment.