If wallstreet tries to dump in a crash like they always do, would that clog the mempool from the ETFs hedging? 🙄
I imagine the ATPs are setting themselves up as mega OTC desks
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Why would ETFs hedge?
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Probably "hedging" is the wrong word. But they usually buy and sell the underlying. That would require going onchain, would it not?
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No(?)
They could be buying and selling off-chain. Eg. on Coinbase.
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