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Xiao Feng: Cryptocurrency ETF is good, but Digital Asset Treasury is better
Summary: During his keynote speech at Bitcoin Asia 2025, Xiao Feng, Chairman and CEO of HashKey Group, stated that Digital Asset Treasury (DAT) may be the best way for cryptocurrency assets to move from on-chain to off-chain. Xiao Feng outlined four core advantages of DAT over ETFs: better liquidity, higher price elasticity, more reasonable leverage design, ...
During his keynote speech at Bitcoin Asia 2025, Xiao Feng, Chairman and CEO of HashKey Group, stated that Digital Asset Treasury (DAT) may be the best way for cryptocurrency assets to move from on-chain to off-chain. Xiao Feng outlined four core advantages of DAT over ETFs: better liquidity, higher price elasticity, more reasonable leverage design, and built-in downside protection mechanism. He emphasized that DAT provides investors with a more efficient and convenient way to transfer assets, offers institutions more arbitrage tools, and can generate higher premiums for investors compared to cryptocurrency price growth. Additionally, when the stock price falls below the net asset value, investors have the opportunity to buy Bitcoin or ETFs at a discount, which will quickly be corrected by the market.
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Link: Xiao Feng: Cryptocurrency ETF is good, but Digital Asset Treasury is better [Copy]
