Corporations have acquired 1% of Ether supply: Standard Chartered
Corporations have accumulated 1% of all Ether since June, with Standard Chartered forecasting 10% ownership as institutional appetite for ETH continues to grow.
Corporations are buying Ether at a faster pace than Bitcoin, signaling a shift in institutional interest toward the world’s second-largest cryptocurrency as it prepares to celebrate its 10th anniversary, according to a new report from Standard Chartered shared with Cointelegraph.
Corporate cryptocurrency treasury firms have bought up 1% of the total Ether (ETH) supply since the beginning of June, the bank said in a Tuesday research report.
Over the same period, Ether-focused treasury firms have doubled the pace of investments compared to their Bitcoin (BTC)-focused counterparts, helping ETH outperform Bitcoin’s price action, the report said.
