There is no kind of biqin settlement on the c and m structure. It's actually used like cash collateral, treashury collateral, for these bicoin futures. And so the c m e tethers its price to a spotted nex. We're not seeing that bicoin settlement in these future markets,. Like you are seeing on other derivative exchanges. So that unlocks the question, well, is it going to suppress a price like gold tonight?

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