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Corey Hoffstein commented on S&P’s decision to underwrite an offering involving the Hyperliquid ecosystem, stating that this move highlights the maturity and growing reputation of Hyperliquid.
However, Hoffstein clarified that while the deal is notable, S&P frequently licenses its offerings broadly to those willing to pay, and the arrangement should not be interpreted as providing exclusive rights to any single party.
Hoffstein’s perspective on S&P’s broad licensing approach reflects continuing themes in his coverage of market transparency, notably his clarification of common misconceptions around ETF fee structures and the differences between perceived and actual expense ratios, as detailed in his analysis of the 1 percent ETF fee claims. Moreover, his examination of how trading behaviors are increasingly influenced by elements of speculative betting, explored in the context of the trading shift to betting dynamics, underscores the nuances present in interpreting financial institution partnerships and headline developments.