Everyone is already familiar with crypto ETFs, which are easy to buy and sell, and their prices closely align with net asset value (NAV). So what is DAT (Digital Asset Trust) that CZ and Xiao Feng have recently focused on?
DAT directly holds assets like BTC and ETH through listed companies, then packages them in the form of stocks, allowing shareholders to indirectly invest in cryptocurrencies.
Characteristics of DAT:
High volatility: Stock prices often trade at a premium, with MicroStrategy reaching 70%;
Amplified returns: Returns can be enhanced through financing, staking, and DeFi;
Downside protection: When stock prices fall below NAV, arbitrage quickly restores balance;
Flexible and diverse: Covers strategies like staking, DeFi, mergers and acquisitions.
Compared to stable ETFs, DAT has higher risks and returns, making it suitable for aggressive investors. However, don't forget that high leverage + high volatility also means greater liquidation and regulatory risks.
‼️ So the question arises: Will DAT be the next wealth myth, or a high-risk speculative game?
