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This presentation was given with regards to a proposed "Bitwise Bitcoin ETF Trust" that the SEC is considering for approval.

Direct link to ETF research PDF linked from the thread:

Interesting things to see in the hundreds of pages:

page 24: What Do Real Exchanges Look Like?

page 43: Trade Size Histograms For Suspect Exchanges

page 57: Applying All Three Analyses: BitForex

page 111: We Have Reached The Point Of Diminishing Returns For Improvements In Efficiency