Ether-linked digital asset treasury companies (DATCOs) have outperformed their peers amid a 10% rise in crypto markets since November 20, according to B. Riley. The investment bank attributes the gains to increased risk appetite following comments from the European Central Bank and anticipated interest rate cuts. Among 25 tracked DATCOs, the median market net asset value (mNAV) rose to 1.0x from 0.9x. Ether treasuries surged approximately 28%, significantly outpacing the 7% increase in the Russell 2000 index. B. Riley analysts identified BitMine Immersion Technologies and SharpLink Gaming as leading ETH-focused DATCOs leveraging staking strategies.