Valkyrie Counters BIS, Says Concern on Bitcoin ETF Front-Running Is Misplaced

“To successfully front-run, you need to be able to predict the short-term price moves of the underlying [asset] with relative confidence; the volatility of bitcoin and the crypto asset-class makes that a particularly difficult task, fraught with risk,” Sui Chung, CEO of CF Benchmarks said in a Telegram chat. “What makes crypto products unique, therefore, is that the volatility of the underlying essentially makes front running unviable.”