AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
ETFs and treasury cos have bought $19bil ETH this yr, with $7bil from ETFs and $12bil from cos.
ByAinvest
Friday, Aug 8, 2025 9:34 pm ET1min read
ETFs and treasury cos have bought $19bil ETH this yr, with $7bil from ETFs and $12bil from cos.
In 2025, Ethereum (ETH) has witnessed substantial buying activity from both exchange-traded funds (ETFs) and treasury companies, totaling approximately $19 billion in purchases. According to Standard Chartered's Geoffrey Kendrick, these entities have bought 1.6% of all ETH in circulation since June, matching the pace of ETF purchases over the same period [1].The buying spree has been driven by the growing acceptance of ETH as a corporate reserve asset and its ability to generate yield through staking rewards and decentralized finance (DeFi) opportunities. Ethereum treasury companies, such as SharpLink Gaming (SBET) and BitMine (BMNR), have been at the forefront of this trend, with SBET's NAV multiple normalizing to just above 1 [2].
SharpLink Gaming, a Nasdaq-listed company, has recently announced a $200 million capital raise to significantly expand its ETH treasury. This move underscores the company's confidence in Ethereum's long-term potential and positions it at the forefront of digital asset integration within traditional corporate structures [3]. The capital raise is expected to exceed an impressive $2 billion in value for the ETH treasury, signaling a bold strategy for the company's future.
Kendrick highlights that Ethereum treasury companies offer better access to ETH price appreciation, staking rewards, and ETH-per-share growth compared to U.S. spot ETH ETFs, which currently cannot stake or participate in DeFi. The analyst expects the NAV multiples to stay above 1, making these treasury companies a more attractive investment option [1].
The year-end price target for Ethereum remains at $4,000, with the current trading price at around $3,650, up 2% in the past 24 hours [1]. The combination of these factors suggests that Ethereum treasury plays are a better buying opportunity than ETFs, as they provide similar exposure to ETH while offering additional benefits such as staking and DeFi participation.
References:
[1] https://www.theblock.co/post/365832/standard-chartered-ethereum-treasury-firms-very-investable-spot-eth-etfs
[2] https://www.coindesk.com/markets/2025/08/06/ethereum-treasury-stocks-better-buy-than-eth-etfs-standard-chartered-says
[3] https://bitcoinworld.co.in/sharplink-ethereum-expansion/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments

No comments yet