According to the source, Bernstein has initiated equity research coverage on SharpLink with an Outperform rating and explicitly referenced an Ethereum (ETH) treasury. Source: Bernstein research note as referenced in a public post dated Oct 30, 2025. For traders, the mention of an ETH treasury highlights direct crypto-asset exposure within SharpLink’s financial profile, making ETH market conditions relevant to the name’s risk profile and potential volatility. Source: Bernstein research note as referenced in a public post dated Oct 30, 2025.