Core Insights - SharpLink Gaming has generated $33 million in income through Ethereum staking, committing its entire crypto treasury to ETH, which traded near $3,100 during the disclosure, still below its average buy price [1][4] - The company holds approximately 864,000 ETH, making it one of the largest corporate holders of Ether globally, and has received over 10,600 ETH in rewards over seven months [2][4] - The trend indicates a shift in how companies view Ethereum, treating it as a cash-producing asset rather than a speculative investment [2][4] Company Strategy - SharpLink has committed to being "100% ETH and 100% staked," ensuring that nearly all of its coins are actively generating rewards [4] - The company has also deployed $170 million worth of ETH into Linea, an Ethereum layer-2 network, to earn additional rewards [6] - This strategy reflects a broader trend among corporate and institutional players who are increasingly staking Ethereum, with over 28% of all ETH currently in staking contracts [5] Market Dynamics - The staking rewards from Ethereum provide a steady income stream, which is appealing to large holders, especially as the price of ETH fluctuates [4] - Institutional demand is reshaping the Ethereum market, with banks like Morgan Stanley filing for spot ETH ETFs that include staking yield, thus bringing Ethereum income to traditional investors [6] - The overall market sentiment is shifting, as large players are earning while they wait, changing the perception of holding ETH among everyday investors [2]

LATEST: ⚡ US Ethereum ETFs recorded $84.6 million in inflows on Monday, ending a seven-day streak of outflows that saw over $700 million exit spot ETH ETFs throughout the previous week. https://t.co/lYWv18F996 ...

Institutional Investment - Institutional flows dominated Q3, driven by spot BTC and ETH ETFs attracting over $18 billion in inflows [1] - Public firms increased their BTC holdings by 190,000, representing 5% of the total supply [1] Altcoin Treasuries - Altcoin treasuries are increasing, with ETH, SOL, TRX, WLD, and ATH leading the way [1]

The progress crypto industry did this cycle is incredible:• Launched spot BTC & ETH ETFs in the US and globally (Hong Kong, Brazil, Australia)• Lobbied a pro-crypto position in the US. Ousted crypto critics.• Passed GENIUS Act, FIT21 and ended SAB-121• Payments players (PayPal, Stripe, Visa, Mastercard) integrated crypto and stablecoins• Robinhood is building an Ethereum L2• Blockchains scale: Ethereum throughput up, L2 fees at cents, Solana more stable & faster• Circle IPO’dLast cycle was NFTs and DeFi sum ...

Investment Recommendation - Standard Chartered suggests Ethereum treasury companies offer better investment opportunities compared to US spot ETH ETFs [1] - The rationale is that NAV multiples of Ethereum treasury companies have started normalizing above 1 [1]