Standard Chartered Forecasts 10% of Ethereum Supply to Be Held by Treasury-Focused Companies

Standard Chartered: Ether Treasury Holdings Could Climb to 10% of Total Supply

Institutional interest in ether (ETH) is rapidly growing, with corporate treasuries now holding 1% of the cryptocurrency’s circulating supply, according to a new report by Standard Chartered. The bank projects this figure could eventually rise to 10%, signaling a major structural shift in how institutions engage with digital assets.

The report notes that this pace of corporate accumulation is comparable to record-breaking inflows into spot ether ETFs, highlighting growing confidence in ETH as both a reserve and income-generating asset.

Companies such as BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET) have recently adopted ether treasury strategies that include staking ETH to earn passive yield. This has helped ETH outperform bitcoin in recent months, with the ETH/BTC ratio rising from 0.018 in April to 0.032 in July.

Geoff Kendrick, global head of digital asset research at Standard Chartered, said this trend may reflect a longer-term rebalancing in institutional portfolios, with ether gaining traction over bitcoin due to its staking yield—currently around 3%—and broader DeFi utility.

In addition to staking rewards, Kendrick emphasized ether’s appeal in jurisdictions with limited direct crypto access. ETH offers a regulatory edge by functioning as a compliant, yield-bearing treasury asset that aligns with traditional financial models.

Standard Chartered maintained its year-end price target of $4,000 for ETH. The token was trading near $3,830 at the time of writing.