Founder of Agora Finance,
@Nick_van_Eck on Tokenized said that round the clock trading doesn't mean round the clock pricing, and ETF buyers could end up paying for that gap.
"If you can only have the APs create and redeem during traditional banking hours, you may have really large deviations from the NAV."
"You as a buyer might actually be getting a really bad price by trading on the weekend or trading at night because some of these other things behind the scenes are still relying on the legacy system."
"All those people need to get up to date to really have efficient twenty four seven markets, which is going to take a very long time."
"There's definitely gonna be periods of thin liquidity like at night or on the weekends."
Creation and redemption still run on banking hours even when the index runs on none, so the NAV gap shows up exactly when liquidity is thinnest.
🎙 Listen to the latest episode on Tokenizedpod(dot)com