Standard Chartered says that the strategy of reducing Bitcoin may signal that ETH is starting to outperform BTC

According to The Block, Standard Chartered Bank's Head of Digital Asset Research Geoffrey Kendrick stated that Strategy's decision to reduce its holdings by 32 bitcoins last week may mark the beginning of a new phase of "outperformance" for Ethereum relative to Bitcoin. Kendrick pointed out that although the scale of the reduction is "very small," against the backdrop of Bitcoin's decline on that day, ETH/BTC experienced a significant upward movement rarely seen in recent years. He expects ETH/BTC to rise to about 0.04 by the end of this year, currently around 0.028. Kendrick maintains his price targets of $4,000 for ETH by the end of the year and $40,000 by 2030, and stated that the Ethereum treasury can "sell coins with zero necessity" through approximately 3% staking yields, making it easier to achieve a higher net asset multiple (mNAV) and financing capability compared to the Bitcoin treasury.