Bitwise CEO: Most digital asset financial companies will eventually transform into operational companies.

According to Mars Finance, on November 24, Bitwise CEO Hunter Horsley posted on X that, due to factors such as insufficient Liquidity, cost expenditures, and risks, most Digital Asset financial companies (DAT) will trade at a discount, while only those outstanding companies that can enhance the value of each share of encryption asset will trade at a premium. Most DATs will eventually transform into operational companies—in this process, they are likely to acquire and integrate a portion of the many small encryption companies that are still privately held. Digital asset management companies are still in the early stages of determining their future development direction.