Michael Hubbard, interim CEO of SOL Strategies, stated that pure crypto treasuries lack a sustainable market. He believes staking ETFs will dominate by offering better yields. This view comes amid evolving cryptocurrency investment trends.
In a recent interview, Michael Hubbard, the interim CEO of SOL Strategies, expressed skepticism about the future of pure crypto treasuries. He argued that there is "no sustainable market" for them, as they fail to provide competitive returns compared to more dynamic options.
Hubbard highlighted the rise of staking ETFs as a superior alternative. These funds, which allow investors to earn staking rewards on assets like Solana's SOL token, are poised to "eat their lunch," he said, implying they will capture market share from traditional treasury products. SOL Strategies, focused on Solana ecosystem investments, positions itself to benefit from this shift.
The comments were made on November 22, 2025, reflecting broader industry discussions on yield-generating crypto products. While crypto treasuries once appealed for their simplicity, staking mechanisms offer passive income through network participation, attracting institutional interest. Hubbard's perspective underscores the need for innovation in crypto finance to remain viable.