X @Token Terminal 📊

RT Thomas Uhm (@ThomasUhm)they're very, very different products on opposite ends of the risk spectrum. ETFs are fundamentally exposure to an underlying asset, while DATs are exposure to a buyer of underlying assets.ETFs are passive trackers, and should only deviate on price, not quantum of underlying. they should only go to zero if underlying become worthlessDATs are active managed funds, and their primary investment objective is to change quantum. as such, they try to increase exposure to underlying with f ...