Bitwise CIO says crypto treasuries risk irrelevance without complex strategies
Bitwise CIO: DATs need complex strategies or ETFs will win.
Companies with digital-asset treasuries (DATs) need to adopt more sophisticated strategies or risk losing out to ETFs for good, Bitwise chief investment officer Matt Hougan said.
1/ A lot of people have asked me what I think of DATS. My view: Some DATs should trade above NAV and others should trade below NAV.
A thread on how to tell the difference.
— Matt Hougan (@Matt_Hougan) November 5, 2025
“Buying cryptocurrencies and putting them…
