There is really nothing stopping a fund just market buying hive each day and converting to the same market cap in HBD. HBD liquidity. That is exactly what makes HBD bigger. And such types of entries into HBD will also push the hive market cap up more than the new HBD created.
Anyone saying that we need to get more HBD into the market to make it more liquid via APR has not understood this about how liquid HBD really is.
Thanks for helping me clarify this better. It’s very very powerful Indeed