This might be a nice moat:To my layman understanding, it sounds like protection from competition. And speedier transactions. If we can get some of these to market ASAP.
"We have approval for issuing any kind of exchange-traded note that conforms to our underlying prospectus. We don’t need to seek approval for each individual note thereafter, as long as it adheres to our prospectus. Our prospectus was approved last year by the regulator in Europe and in Liechtenstein, which is approved for passporting across all European Union countries, plus the European Economic Area, adding up to 30 countries. Our passport-able prospectus was up for renewal, so we got it renewed and approved as a renewed prospectus on Friday. Now we have the ability to issue ETNs that conform to our prospectus, covering a wide range of coins, without needing approval for each one because they already conform to the prospectus. It’s like a master license to issue notes without getting permission each time."
I do like the sound of that. I hope my understanding is correct. Maybe if all goes to plan this time warrants can have value. Which would mean well-deserved riches for everyone at these levels.