A recent report from Standard Chartered highlights Ethereum's undervaluation, pointing to significant interest from institutional investors.
Standard Chartered's Observations on Ethereum Undervaluation
Geoff Kendrick, head of crypto research at Standard Chartered, shared insights indicating that both Ethereum (ETH) and companies actively accumulating this altcoin are undervalued. This conclusion comes from a deep dive into market trends and institutional investor behavior.
Increase in Institutional Investments in Ethereum
According to data, since June, corporate entities have purchased **2.6%** of the total ETH supply, while spot ETH ETFs have added another **2.3%**. Together, these investments represent **4.9%** of Ethereum's circulating supply.
Companies Related to Ethereum and Their Undervaluation
The report also mentions companies that might benefit from Ethereum's growth and are themselves seen as undervalued. Kendrick highlighted firms like **Sharplink Gaming (SBET)** and **Bitmine (BMNR)**, which appear undervalued when compared to more well-known crypto accumulators.
Standard Chartered's analysis emphasizes significant growth potential for Ethereum due to institutional investments and strategic undervaluation of both the asset and related companies.
