Digital asset treasuries (DATs) face structural drag from illiquidity, high expenses, and execution risks, making it unlikely for most to sustain premiums over their crypto holdings. Only exceptional firms with effective strategies like token lending or discounted buys can overcome these challenges and trade at a premium. Illiquidity creates automatic discounts as investors avoid paying [.] Source:.
https://bitcoinethereumnews.com/bitcoin/bitwise-cio-structural-drags-may-outweigh-paths-for-dats-to-boost-bitcoin-per-share/
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