So the ETF will be more expensive. That’s always the case, as there’s also a management fee. It will still open up the market for many retail and institutional.

So the ETF will be more expensive. That’s always the case, as there’s also a management fee. It will still open up the market for many retail and institutional. It will also be good for custodians and exchanges, such as coinbase. And for the price sensitive among them, it will cause more demand on actual crypto.