Ethereum Finally Flips Bitcoin, Just Not in Price

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The trading volume of stocks tied to Ether treasury companies has exceeded that related to Bitcoin treasuries. 

Ethereum is now flipping Bitcoin for corporate treasury stock trading, according to crypto analyst Miles Deutscher, who cited data from Blockworks on Wednesday.

The researcher opined that Ethereum “still has a lot of catch-up to do vs BTC, and is the far less saturated trade.”

The chart depicts a huge uptick in trading of the leading Ether treasury companies, BitMine Immersion Technologies (BMNR), and SharpLink Gaming (SBET).

Trading volume for Tom Lee’s Ether treasury firm has now flipped that of Michael Saylor’s Strategy (MSTR), according to the data.


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