At the Bitcoin Asia Conference in Hong Kong, Xiao Feng highlighted the advantages of Digital Asset Treasury (DAT) over Exchange-Traded Funds (ETFs) for cryptocurrency investments. He argued that DAT offers better market cap valuation, higher liquidity, greater price elasticity, flexible leverage design, and built-in downside protection. These features make DAT a more suitable option for investors to access and manage crypto assets. Xiao Feng predicts that DAT could become a new trend in crypto financing and investment over the next 3-5 years, while ETFs remain more appropriate for stocks or index-based assets.