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Digital Asset Treasuries Can’t Hold Premiums, Warns Bitwise CIO 

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Story Highlights* DATs face mounting pressure as ETFs offer cleaner, cheaper exposure; structural drag from illiquidity, expenses, and risk threatens long-standing premiums.

  • Analysts say spot ETFs are becoming “DAT killers” as regulatory shifts and index changes loom, pushing investors toward simpler, more reliable crypto exposure.
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