I think an additional point to make is that this nee ETN will also provide the SEC and others with more data points that would help them with their future decision on ETFs. It could demonstrate that allowing ETFs does no add to the volatility of the underlying bitcoin prices and actually helps in price discovery vs the alternative like you mention that trade at a premium. This would benefit investors and thus should allow them to permit ETFs into the market. However, the data will be needed for them to review and not sure if a couple of weeks of data will be enough.