According to Odaily, Andrew Kang, a partner at Mechanism Capital, shared insights on the X platform regarding the future development of companies adopting an ETH treasury strategy. He compared their potential trajectory to that of Ethereum exchange-traded funds (ETH ETFs), suggesting that demand expectations may significantly exceed reality. Kang anticipates that by next year, most asset net values will experience substantial discounts.
Kang also referenced his analysis from June 2024 on the impact of Ethereum ETFs, highlighting that unless Ethereum develops a compelling path to improve its economic situation, it will be difficult to maintain a bullish outlook.
