The State of Play for ETH DATs

Discussed in today's video:

 A weaker-than-expected Services PMI sparked an initial sell-off, but high-yield credit rallied, Treasuries remained under pressure, and small caps outperformed.  ETH’s relative strength has diverged from small-cap performance in recent weeks, driven by growing interest in stablecoins and tokenization, along with steady demand from ETH-focused digital asset treasury (DAT) companies.  DATs collectively hold approximately $7 billion in ETH and currently trade at around 1.4x NAV.  At current premium levels, estimated incremental buy ...