Has the DAT Bubble Already Burst? CoinShares Says In Many Ways, Yes.
NegativeCryptocurrency

- CoinShares has indicated that the digital-asset treasury plays, which previously traded at significant premiums, have reverted closer to their net asset value, suggesting a potential bursting of the DAT bubble. This shift reflects a broader trend of declining investor confidence in cryptocurrency markets.
- The withdrawal of CoinShares' applications for multiple cryptocurrency exchange-traded funds (ETFs), including those for Solana and XRP, highlights the company's strategic reassessment amid a challenging regulatory environment and fluctuating market conditions.
- The recent outflows from cryptocurrency investment products, totaling nearly $5 billion, underscore a growing caution among institutional investors, marking one of the largest withdrawal streaks since 2018. This trend raises concerns about the overall health of the cryptocurrency market and investor sentiment moving forward.
— via World Pulse Now AI Editorial System
