Multicoin Co-creation: We have communicated with some ETF-related parties, and institutions do not like the uncertainty of the duration of ETH collateral unlocking
Odaily Planet Daily reports that Multicoin Capital co-founder Kyle Samani retweeted a statement from Anza's chief economist Max Resnick about "Institutions not liking the queuing mechanism when Ethereum is unpledged, institutions need a more certain time window."
Kyle added: "After talking with some ETF-related people, I can confidently say that Max is correct. The certainty of pledge/unpledging time is key to the normal operation of capital markets, and dynamic queuing mechanisms are not good."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
