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Oli
@0li
If I read the Bitcoin ETF application papers correctly, in the case of a hardfork, BlackRock could choose the suitable network on behalf of their investors. Given the growing market share for these ETFs, wouldn't this give TradFi institutions a significant influence?
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Antidote 🎩
@0xantidote.eth
What do you mean with 'choose the suitable network'? Wouldn't they just hold both assets?
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Oli
@0li
Technically, the custodian's wallet would hold both assets. However, the ETF issuers agreed that they would relinquish any entitlements to a hard fork or airdrops. The question that remains is, which of the two chains is then considered the "main chain"?
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Antidote 🎩
@0xantidote.eth
My guess is they would wait which one ends up being the more popular and sell off the other assets.
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