Standard Chartered Bank: Ethereum will benefit more from the buying boom of public companies than Bitcoin or Solana

PANews September 16th news, according to The Block, Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank, said that with the rise of digital asset reserve companies (DAT), Ethereum may benefit more than Bitcoin and Solana. In his report, he pointed out that the recent decline in market net asset value (mNAV) of DAT will force companies to develop differentiatedly and may drive Bitcoin reserve companies to integrate. In contrast, Ethereum and Solana reserve companies may have higher mNAV due to their ability to generate pledge income, and Ethereum reserve companies are more mature and have more obvious advantages. Currently, DAT has held 4% of Bitcoin, 3.1% of Ethereum and 0.8% of Solana, and its holdings have a significant impact on the token price. Kendrick believes that market saturation is the main reason for valuation compression, but DAT still has "selective investment value" because it provides a way for restricted areas to access digital assets. In the future, fundraising capabilities, company size and pledge income will become the key to the differentiation of DAT performance. He added that if some DATs are below the asset value for a long time, it may trigger integration, and strategic acquisitions may be more cost-effective than buying coins directly. Overall, DAT will drive Ethereum to outperform Bitcoin and Solana.