Corporate holders have accumulated 1% of the Ethereum supply

Corporates are buying ether faster than the rest of the world, according to a new report from Standard Chartered. Bitcoin. This indicates a shift in institutional interest towards the leading altcoin, which is being prepared celebrate your 10th anniversary.

Since the beginning of June, corporate crypto treasuries have bought up 1% of the total supply of Ethereum. Over the same period, asset managers focused on Altcoyin, doubled their investments, unlike companies storing bitcoins.

Standard Chartered added that continued inflows could push ETH above its previously forecasted $4000 by the end of the year. For now, Ethereum remains 21% below its all-time high of $4890 set in November 2021.

According to Standard Chartered, companies focused on Altcoyin, more growth potential than those who chose Bitcoin, from the point of view of “regulatory arbitrage”.

Ethereum storage firms can earn rewards for both staking, as well as for using the opportunities of decentralized finance, the report says.

The bank’s analysts predict that the share of corporate ethereum holders could eventually increase to 10% of the total supply.

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