How Ethereum Treasury Companies Beat Out ETFs: Standard Chartered
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Source: Benzinga
Emergence of Treasury Companies: Treasury firms are becoming a significant alternative to U.S.-listed spot Ethereum ETFs, with both groups acquiring approximately 1.6% of total ETH in circulation since June 1, highlighting the growing institutional interest in these treasury companies.
Investor Sentiment and NAV Multiples: The net asset value (NAV) multiple for treasury companies has stabilized above 1, indicating they are fairly priced or undervalued, especially when considering benefits like staking rewards, which may attract investors seeking more dynamic exposure than passive ETFs.
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Analyst Views on SBET
Wall Street analysts forecast SBET stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.670
Low
15.00
Averages
18.80
High
24.00
Current: 5.670
Low
15.00
Averages
18.80
High
24.00
About SBET
SharpLink, Inc. manages the Ether (ETH), the native token of the Ethereum blockchain in the United States (US). The Company also operates an online affiliate marketing business that delivers unique fan activation solutions to its online casino gaming partners. Its segments include ETH Treasury Management and Affiliate Marketing. The ETH Treasury Management segment captures ETH based yield generated by participating in the Ethereum network's staking protocol, which comprises rewards received from native staking. ETH is the global platform for stablecoins, tokenized real-world assets, and decentralized finance. The Affiliate Marketing segment is focused on performance-based customer acquisition services for leading sportsbooks and online casino gaming operators. Through its iGaming affiliate marketing network, known as PAS.net, it focuses on driving qualified traffic and player acquisitions, retention and conversions to U.S. regulated and global iGaming operator partners worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ethereum Institutional Launches for Market Engagement
- Organization Launch: Ethereum Institutional officially launches as an independent non-profit organization aimed at providing credible access for global financial institutions, facilitating their decisions in tokenization and stablecoins, marking a significant maturation of the Ethereum ecosystem.
- Funding Background: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin provide financial backing to ensure the organization's long-term operation and expansion, reflecting strong market confidence in Ethereum.
- Market Influence: Ethereum currently hosts approximately $180 billion in stablecoins on its mainnet, accounting for about 60% of the total stablecoin supply, indicating its significant position in the financial market and potential for future growth.
- Strategic Development Focus: Ethereum Institutional will concentrate on five strategic areas, including institutional training, market intelligence, and standard-setting, with plans to establish offices in major financial centers like New York, London, Hong Kong, and Singapore to enhance its global influence.
See More
Ethereum Institutional Launches for Institutional Investors
- Institutional Support Launch: Ethereum Institutional officially launches as an independent nonprofit organization aimed at providing a neutral collaboration platform for global financial institutions, facilitating their decisions in tokenization and stablecoins, which is expected to drive widespread adoption of the Ethereum ecosystem.
- Diverse Funding Sources: The involvement of investors such as Bitmine, Sharplink, and Ethereum co-founder Joe Lubin in the funding round ensures Ethereum Institutional has long-term financial backing to influence infrastructure decisions in the financial markets over the next 12 to 24 months.
- Significant Market Potential: With approximately $180 billion in stablecoins currently circulating on the Ethereum mainnet, accounting for 60% of the global stablecoin supply, this substantial market size provides Ethereum Institutional with ample business opportunities to enhance its influence in the financial sector.
- Global Expansion Strategy: Ethereum Institutional plans to establish offices in key financial hubs including New York, London, Hong Kong, and Singapore, with further expansion to Zurich, Frankfurt, Tokyo, and Abu Dhabi, aiming to provide broader services and support for institutional clients, thereby enhancing its competitiveness in the global market.
See More
Ethereum Institutional Launches to Support Financial Institutions
- Institutional Support Organization: Ethereum Institutional officially launches as an independent nonprofit aimed at providing reliable blockchain support for global financial institutions, integrating the marketing team from the Ethereum Foundation to enhance its influence in financial markets.
- Diverse Funding Sources: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin provide funding for the organization, ensuring its long-term operation and development, thereby facilitating Ethereum's widespread application in finance.
- Significant Market Potential: The Ethereum network currently hosts approximately $180 billion in stablecoins, accounting for 60% of the global total, and holds about two-thirds of the market share in asset tokenization, underscoring its critical role in the financial sector.
- Strategic Development Focus: Ethereum Institutional will concentrate on five priority areas, including institutional training, marketing, and industry standards, with plans to establish dedicated teams in major global financial centers to promote widespread adoption and technological innovation of Ethereum.
See More
Ethereum Institutional Launches as Key Player for Institutional Adoption
- Organization Launch: Ethereum Institutional has officially launched as an independent non-profit organization, aiming to serve as a neutral access point for global financial institutions to support their long-term decisions in tokenization and stablecoins, marking a significant maturation of the Ethereum ecosystem.
- Funding Background: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin have provided funding to ensure robust financial support for the organization’s operations, thereby facilitating broader adoption of Ethereum in the institutional market.
- Market Influence: Ethereum currently supports approximately $180 billion in stablecoins on its mainnet, accounting for 60% of the total supply of stablecoins, indicating its central role in financial infrastructure and is expected to attract more institutional participation.
- Strategic Focus: Ethereum Institutional will concentrate on five key areas, including institutional education, marketing, and best practices, with plans to expand its geographical presence in financial hubs like New York, London, Hong Kong, and Singapore, further enhancing its influence in the global financial market.
See More
Ethereum Institutional Launches to Drive Financial Innovation
- Independent Organization Launch: Ethereum Institutional has officially launched as an independent nonprofit organization aimed at providing credible blockchain solutions for global financial institutions, backed by investments from Bitmine, Sharplink, and co-founder Joe Lubin, marking a significant advancement in the Ethereum ecosystem.
- Significant Market Potential: The Ethereum network currently hosts approximately $180 billion in stablecoins, representing 60% of the total global supply, indicating its increasing importance in financial markets and the likelihood of attracting more institutional participation.
- Strategic Partnerships and Impact: Ethereum Institutional has forged over 500 institutional relationships encompassing top global banks and asset management firms, driving institutions to make critical decisions in the next 12 to 24 months that will shape the financial landscape for decades to come.
- Focus on Five Key Areas: The organization will concentrate on five core areas including education, marketing, and industry standards, with coverage extending to major financial hubs like New York, London, and Hong Kong, aiming to provide comprehensive support and services to facilitate widespread adoption of Ethereum.
See More
Sharplink Acquires More Ethereum and Repurchases Shares
- Ethereum Acquisition: Sharplink added 10,000 ETH for approximately $16 million last week, increasing its total holdings to 886,725 ETH valued at around $1.38 billion, despite Ethereum's 22% decline over the past month.
- Successful Fundraising: The firm completed a $75 million registered direct offering, with the raised capital supporting its active ETH treasury management strategy, indicating a disciplined approach to capital allocation amid market volatility.
- Share Buyback Program: Sharplink repurchased over 2.1 million shares of SBET, believing the stock is significantly undervalued, and has now bought back more than 4 million shares since initiating the buyback program last year, even as SBET's price has dropped nearly 22% in the last month.
- Strategic Collaboration: Sharplink partnered with Ethereum rival BitMine Immersion Technologies to establish Ethlabs, aimed at supporting the development of the Ethereum network, demonstrating its strong commitment to the future of Ethereum.
See More
Ethereum Institutional Launches for Market Engagement
- Organization Launch: Ethereum Institutional officially launches as an independent non-profit organization aimed at providing credible access for global financial institutions, facilitating their decisions in tokenization and stablecoins, marking a significant maturation of the Ethereum ecosystem.
- Funding Background: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin provide financial backing to ensure the organization's long-term operation and expansion, reflecting strong market confidence in Ethereum.
- Market Influence: Ethereum currently hosts approximately $180 billion in stablecoins on its mainnet, accounting for about 60% of the total stablecoin supply, indicating its significant position in the financial market and potential for future growth.
- Strategic Development Focus: Ethereum Institutional will concentrate on five strategic areas, including institutional training, market intelligence, and standard-setting, with plans to establish offices in major financial centers like New York, London, Hong Kong, and Singapore to enhance its global influence.
See More
Ethereum Institutional Launches for Institutional Investors
- Institutional Support Launch: Ethereum Institutional officially launches as an independent nonprofit organization aimed at providing a neutral collaboration platform for global financial institutions, facilitating their decisions in tokenization and stablecoins, which is expected to drive widespread adoption of the Ethereum ecosystem.
- Diverse Funding Sources: The involvement of investors such as Bitmine, Sharplink, and Ethereum co-founder Joe Lubin in the funding round ensures Ethereum Institutional has long-term financial backing to influence infrastructure decisions in the financial markets over the next 12 to 24 months.
- Significant Market Potential: With approximately $180 billion in stablecoins currently circulating on the Ethereum mainnet, accounting for 60% of the global stablecoin supply, this substantial market size provides Ethereum Institutional with ample business opportunities to enhance its influence in the financial sector.
- Global Expansion Strategy: Ethereum Institutional plans to establish offices in key financial hubs including New York, London, Hong Kong, and Singapore, with further expansion to Zurich, Frankfurt, Tokyo, and Abu Dhabi, aiming to provide broader services and support for institutional clients, thereby enhancing its competitiveness in the global market.
See More
Ethereum Institutional Launches to Support Financial Institutions
- Institutional Support Organization: Ethereum Institutional officially launches as an independent nonprofit aimed at providing reliable blockchain support for global financial institutions, integrating the marketing team from the Ethereum Foundation to enhance its influence in financial markets.
- Diverse Funding Sources: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin provide funding for the organization, ensuring its long-term operation and development, thereby facilitating Ethereum's widespread application in finance.
- Significant Market Potential: The Ethereum network currently hosts approximately $180 billion in stablecoins, accounting for 60% of the global total, and holds about two-thirds of the market share in asset tokenization, underscoring its critical role in the financial sector.
- Strategic Development Focus: Ethereum Institutional will concentrate on five priority areas, including institutional training, marketing, and industry standards, with plans to establish dedicated teams in major global financial centers to promote widespread adoption and technological innovation of Ethereum.
See More
Ethereum Institutional Launches as Key Player for Institutional Adoption
- Organization Launch: Ethereum Institutional has officially launched as an independent non-profit organization, aiming to serve as a neutral access point for global financial institutions to support their long-term decisions in tokenization and stablecoins, marking a significant maturation of the Ethereum ecosystem.
- Funding Background: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin have provided funding to ensure robust financial support for the organization’s operations, thereby facilitating broader adoption of Ethereum in the institutional market.
- Market Influence: Ethereum currently supports approximately $180 billion in stablecoins on its mainnet, accounting for 60% of the total supply of stablecoins, indicating its central role in financial infrastructure and is expected to attract more institutional participation.
- Strategic Focus: Ethereum Institutional will concentrate on five key areas, including institutional education, marketing, and best practices, with plans to expand its geographical presence in financial hubs like New York, London, Hong Kong, and Singapore, further enhancing its influence in the global financial market.
See More
Ethereum Institutional Launches to Drive Financial Innovation
- Independent Organization Launch: Ethereum Institutional has officially launched as an independent nonprofit organization aimed at providing credible blockchain solutions for global financial institutions, backed by investments from Bitmine, Sharplink, and co-founder Joe Lubin, marking a significant advancement in the Ethereum ecosystem.
- Significant Market Potential: The Ethereum network currently hosts approximately $180 billion in stablecoins, representing 60% of the total global supply, indicating its increasing importance in financial markets and the likelihood of attracting more institutional participation.
- Strategic Partnerships and Impact: Ethereum Institutional has forged over 500 institutional relationships encompassing top global banks and asset management firms, driving institutions to make critical decisions in the next 12 to 24 months that will shape the financial landscape for decades to come.
- Focus on Five Key Areas: The organization will concentrate on five core areas including education, marketing, and industry standards, with coverage extending to major financial hubs like New York, London, and Hong Kong, aiming to provide comprehensive support and services to facilitate widespread adoption of Ethereum.
See More
Sharplink Acquires More Ethereum and Repurchases Shares
- Ethereum Acquisition: Sharplink added 10,000 ETH for approximately $16 million last week, increasing its total holdings to 886,725 ETH valued at around $1.38 billion, despite Ethereum's 22% decline over the past month.
- Successful Fundraising: The firm completed a $75 million registered direct offering, with the raised capital supporting its active ETH treasury management strategy, indicating a disciplined approach to capital allocation amid market volatility.
- Share Buyback Program: Sharplink repurchased over 2.1 million shares of SBET, believing the stock is significantly undervalued, and has now bought back more than 4 million shares since initiating the buyback program last year, even as SBET's price has dropped nearly 22% in the last month.
- Strategic Collaboration: Sharplink partnered with Ethereum rival BitMine Immersion Technologies to establish Ethlabs, aimed at supporting the development of the Ethereum network, demonstrating its strong commitment to the future of Ethereum.
See More
