ETFs are using perps to offer exposure to OpenAI and Anthropic. Two US ETFs launched this month use swaps linked to perps for that exposure. 21Shares also launched an Anthropic ETP in Europe. This is a huge success case for crypto! It will bring even more liquidity to perps, making them even more important for price discovery of pre-IPO assets. Huge usecase when we bring illiquid (pre-IPO assets) and making them liquid and instantly tradable globally. And obviously, more fees -> buybacks to our onchain perp tokens: LIT, VAR, HYPE etc