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

2025.11.24 13:44:23

On November 24th, Hunter Horsley, the CEO of Bitwise, posted on X, indicating that due to factors like insufficient liquidity, cost overhead, and risks, the majority of Digital Asset Trusts (DATs) will engage in discount trading. Only those companies that are capable of increasing the per-share value of the crypto assets will trade at a premium. Most DATs will eventually transform into operating companies. During this process, they are likely to acquire and integrate a part of the numerous small private crypto companies. Digital asset management companies are still in the early stages of determining their future directions.
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