Traders are thinking way too deeply about these ETH treasury vehicles. They think about them like the NAV actually matters, like the numbers and charts actually matter… I see them the exact same as bitcoin mining companies of last cycles that did 20-50x during mania phase I actually think the price action we’ve seen so far won’t even be visible on the chart in the next few months from how violent things will get And my bias is that these ETH treasury vehicles in particular will outperform many alts A side note: best beta to these treasury vehicles will be a particular meme coin I mentioned earlier today Good luck(Gold)