Bitwise CEO: Most Digital Asset Financial Firms Will Ultimately Transition to Operational Companies

BlockBeats News, November 24th, Bitwise CEO Hunter Horsley posted on X, stating that due to factors such as insufficient liquidity, cost overhead, and risk, most Digital Asset Trusts (DATs) will engage in discount trading, with only those companies that can increase the per-share value of the crypto assets trading at a premium. Most DATs will eventually transition into operating companies—during this process, they are likely to acquire and integrate a portion of the many small private crypto companies. Digital asset management companies are still in the early stages of shaping their future direction.