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I see you've never had a conversation with a company interested in holding crypto assets but upon further investigation, realize it's essentially impossible giv
by delabay 3y ago
I see you've never had a conversation with a company interested in holding crypto assets but upon further investigation, realize it's essentially impossible given the way business is structured.
Custody is a spectrum, self custody is more towards cyber punk than white collar. People clearly want these assets and I predict the Bitcoin etf, when finally launched, will have the largest opening volume of any etf ever.
- maxbond 3y agoWill the ETF units work better for these companies than the contracts CME offers? Why is that? Because they don't need to be rolled over? Because they're smaller fractions? Because they're fully collateralized?
- rocqua 3y agoNot rolling should help a lot. Also, having the price set by continuous arbitrage instead of discrete auctions might reduce slippage. I recall the futures were trading at quite the discount to real bitcoin prices.