Ethereum treasury companies are proving to be a better investment option than ETH ETFs since their net asset value (NAV) multiples have started to normalize above 1, according to Geoffrey Kendrick, the global head of digital asset research at Standard Chartered.
He stated, “The treasury companies have ETH as a treasury asset, making them a more attractive buy compared to US spot ETH ETFs since NAV multiples are just above 1.”
NAV is calculated by dividing the market cap of a treasury company by the total amount of Ethereum held.
