Bitcoin and Ethereum Digital Asset Trusts (DATs) are currently trading at a discount, with valuation multiples below 1. This has ignited discussions among traders about the potential for value investing in the crypto space. The lack of clear arbitrage mechanisms in most DATs, unlike the Grayscale Bitcoin Trust (GBTC), suggests that these discounts could persist long-term. Traders are closely examining support and resistance levels to determine whether the current discount represents a buying opportunity or a potential trap. Analysts warn that while the discount might offer upside potential, it carries significant risks and should be approached as a high-conviction investment strategy.