Dr. Xiao Feng argues that Digital Asset Treasuries (DAT) offer superior liquidity, price elasticity, and leverage compared to ETFs, positioning DAT as the next evolution in crypto finance.
Dr. Xiao Feng, CEO of HashKey Group, presented at Bitcoin Asia 2025, advocating for Digital Asset Treasuries (DAT) over ETFs as the preferred model for crypto investments. He highlighted DAT’s superior liquidity, price elasticity, and leverage design, positioning it as a more efficient way to transfer digital assets.