According to the source, SOL Strategies interim CEO Michael Hubbard says there is no sustainable market for pure crypto treasuries and that staking ETFs will outcompete those products (source: Michael Hubbard, SOL Strategies). For traders, this suggests monitoring flows and yield spreads between staking ETFs and on-chain treasury products for signs of capital rotation that could affect liquidity and pricing in yield-focused crypto instruments (source: independent analysis based on Hubbard’s remarks).