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It's easy to write-off a spot ETH ETF based on initial failure of the futures ETF. But there's a compelling argument to be made that a yield-bearing ETF would shortly follow and offer an attractive complement to spot BTC exposure. And competing digital assets are 3+ years away.

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A yield-bearing ETF is the natural progression from here and once that’s done, interest rate derivatives of this will follow naturally.

And Pendle will be right here waiting.

A yield-bearing ETF is the natural progression from here and once that's done, interest rate derivatives of this will follow nat