Strategy's bitcoin sale may mark start of ether outperformance, StanChart's Kendrick says

Standard Chartered analyst Geoffrey Kendrick suggests that Ether (ETH) may begin to outperform Bitcoin (BTC) following a recent Bitcoin sale by Strategy. The analysis highlights that Ether's staking model provides a treasury advantage over Bitcoin, potentially shifting investor sentiment.
Why it matters
This analysis provides insight into institutional crypto-asset management and shifting market dynamics between the two largest cryptocurrencies.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Strategy s bitcoin sale may mark start of ether outperformance, StanChart s Kendrick says ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank s digital asset research head said. By Krisztian Sandor | Edited by Aoyon Ashraf Jun 2, 2026, 1:14 p.m. 3 min read Make preferred on What to know : Ether may outperform bitcoin following Strategy s recent BTC sale, Standard Chartered s head of digital asset research, Geoffrey Kendrick says. Ether treasury firms can generate staking income and may not need to sell assets to fund operations, unlike bitcoin treasuries. Kendrick sees the ETH-BTC ratio rising to 0.04 by year-end, suggesting a more than 40% outperformance from current levels. Strategy s (MSTR) first bitcoin BTC $ 68,802.41 sale since 2022 may have been tiny relative to its massive $58 billion holdings, but the market s reaction could signal a broader shift in crypto markets, according to Standard Chartered s head of digital asset research, Geoff Kendrick.
The article reports on financial analysis and market trends without favoring a specific asset class.
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