Digital Asset Treasuries Larger Driver for Ether (Ether) than Bitcoin (BTC), Solana (Sol): Stanchart
Digital Asset Treasury (Dats). (Mnavs) Slid below 1, Geoff Kendrick said Standard Chartered in a new report.
Looking forward, Ether (Et) The DAT appears to have the most staying power thanks to the staking yield, regulation clarity, and the room growing, Kendrick’s dispute.
The ratio of MNAV is important. When it collapses, these firms have lost an incentive (and sometimes the ability) To maintain a crypto purchase, threatening a major source of demand for Bitcoin Ether and Solana (Solana).
Kendrick said the next stage for the DAT would be one of the differences. The winners are the ones who can raise funds at the lowest costs, achieve the scale that draws liquidity and investor attention, and, on the cross, earn staking produce. That was the last point that tilted the field of play to Ether and Solana’s treasures in Bitcoin, with no harvest.
Market saturation is also in play. The success of the approach as TREDERSHIP BTC Treasury has been inspired by a flood of copycats, nearly 90 in the last number, together now holds more than 150,000 BTC, up to six times this year, the analyst said.
But if the MNAVs stay below 1, the standard chartered expects the integration. For BTC’s wealth, this could mean companies such as Saylor strategy to buy rivals rather than buying a new Bitcoin in the open market, a coin, not fresh demand.
Ether wealth looks better positioned. They have been aggressively accumulated, with 3.1% of the transferring -transfer of ETH supply since June. The largest player, Bitmine (BMNR) is placed properly to maintain addition to its 2 million eth stack, the report said.
For crypto markets, this is important. The purchase of DAT became a major driver of bitcoin and Ether prices in 2025. But with the wealth of BTC faced with the pressure of integration -together and Solana’s treasures are still relatively small, the usual charter sees ETH as likely to be beneficiaries forward.
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