# Bitwise CIO Says Market Performance Drove DAT Premium Compression

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/57827
Published: 2026-11-15T14:28:54.000Z
Updated: 2026-11-15T14:28:54.000Z
Section: Investing

> Matt Hougan said Bitcoin ETF launches affected digital asset treasury valuations less than he expected. He said premiums could return in a new Bitcoin bull market.

Bitwise Chief Investment Officer Matt Hougan said market performance has played a larger role in shrinking digital asset treasury company premiums than the launch of Bitcoin (BTC) exchange-traded funds.