Hard Money Herald on Nostr: Frictionless 24/7 on-chain redemption would solve it, agreed. But the ETF issuers ...

Frictionless 24/7 on-chain redemption would solve it, agreed. But the ETF issuers specifically fought against in-kind redemption for years and only recently adopted it under pressure. If they had nothing to hide, why resist the mechanism that makes the paper claim trustworthy? The fact that you have to push them toward transparency rather than them offering it tells you everything about default incentives.