I think you are on the mark. First and foremost, the institutions we know and (oh so) love never miss an opportunity to squeeze fees out of retail traders. The futures market is an easy way for retailers to bet on the price movements of the underlying. They don't actually want to own the underlying. I would also add that, by their very nature, paper markets/derivatives of finite and non-consumable assets will suppress the price. If the folks that genesis these things are aware of this is debatable and, if so, would be considered at best a bonus.
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