Corporations have accumulated 1% of all Ether since June, with Standard Chartered forecasting 10% ownership as institutional appetite for ETH continues to grow.

Corporations are buying Ether at a faster pace than Bitcoin, signaling a shift in institutional interest toward the world’s second-largest cryptocurrency as it prepares to celebrate its 10th anniversary, according to a new report from Standard Chartered shared with Cointelegraph.

Corporate cryptocurrency treasury firms have bought up 1% of the total Ether 

 supply since the beginning of June, the bank said in a Tuesday research report.

Over the same period, Ether-focused treasury firms have doubled the pace of investments compared to their Bitcoin 

-focused counterparts, helping ETH outperform Bitcoin’s price action, the report said.

The report attributed some of Ether’s recent price strength to this accumulation trend and the performance of spot Ether exchange-traded funds (ETFs),