I don't understand the case? The portfolio is worth about 1.340MRD dollars, the market cap is one MRD above that. Without FK leverage as everything is financed via equity according to the market screener? The operating business is actually worth nothing? Why not invest directly in Ether?
@Pawfolio This is about staking and the use case. Due to the new change in the law, banks and ETFs can now also stake, but must also invest part of it in short-term bonds. There are also a number of other opportunities and use cases to generate income via the $ETH platform. Imagine you own 5% of the whole pie.
Regardless of this, I am assuming short-term potential here (until the end of the year), imagine everyone or the larger institutions are buying like crazy, which will also drive the price up.
