In a recent speech in Hong Kong, Xiao Feng highlighted the potential advantages of Digital Asset Treasuries (DATs) over traditional ETFs for cryptocurrency investments. He emphasized that DATs, being valued by market price, offer greater elasticity, superior liquidity, flexible leverage, and downside protection. Xiao Feng projected that DATs could become the primary link between the cryptocurrency sector and traditional finance within the next 3 to 5 years. He also suggested that the scale of DATs might rival that of ETFs within a decade, indicating a significant shift in how digital assets are integrated into mainstream financial systems.