@chronoh
Our investment rationale for DATs is based on a simple premise: DATs can increase net asset value per share by generating income, ultimately resulting in a higher underlying token holding than simply holding spot assets. Therefore, holding DATs may offer higher return potential than directly holding the tokens or through ETFs. Pantera has deployed over $300 million globally to DATs across a wide range of tokens. These DATs are leveraging their unique advantages to achieve per-share value growth by strategically increasing their holdings of digital assets. Below is an overview of our DAT portfolio.