Defiance files for first private company ETF via total return swaps on perpetual futures tied to private firms, per SEC filing noted by Eric Balchunas.

According to Paolo Ardoino, Tether does not need to go public. This decision suggests Tether aims to maintain operational flexibility and avoid the regulatory scrutiny that comes with public listings. Traders should note that Tether's private status allows it to potentially offer stablecoin services without the constraints of public company reporting requirements, which could impact its market positioning and liquidity options. Source: Paolo Ardoino on Twitter.