Bitwise CIO: Only ‘Hard’ Digital Asset Trusts Deserve Market Premiums

The crypto market is undergoing a significant revaluation of Digital Asset Trusts (DATs), evidenced by a dramatic collapse in market net asset value (mNAV) premiums. Data indicates that these premiums, which once stood at over 25, have now converged sharply toward parity (1.0). This movement signals a loss of investor confidence in simply holding crypto …

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