The Rollup ETF Flows, Predition Markets and DeFi VC with Steven McClurg and Eric Chen
Sep 6, 2025
Steven McClurg, CEO of Canary and pioneer of Bitcoin futures on NASDAQ, teams up with Eric Chen, CEO of Injective, who is reshaping the financial landscape with cutting-edge consumer applications. They dive into how ETF flows influence market trends and discuss groundbreaking developments like Solana’s NASDAQ listing. The duo also tackles the evolving job market and its impact on unemployment rates, alongside the innovative strides in decentralization, including the potential of Ethereum ETFs. Their insightful analysis brings hope for a bullish future in crypto.
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Staking As An ETF Differentiator
- Canary focuses on filing novel crypto ETFs that include staking when possible to boost investor value.
- Staking inclusion differentiates products and attracts investors seeking protocol yield exposure.
Build Institutional Staking Primitives
- Prepare protocol infrastructure for institutional flows by building modules that handle stake transfers and whitelisted escrows.
- Anticipate ETF demands and add features to ease onboarding and compliant custody movements.
Timeline For ETF Listing Expansion
- Generic exchange listing standards from US exchanges could unlock many token ETFs quickly once approved.
- Steven expects an initial wave (coins with futures markets) around Oct–Nov and broader standards by spring.