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A lot of them have rules forcing them to have some amount of exposure to indexes of a market, or all entries in a market.

There are MAJOR rule changes made to allow them to do this (90 day wait-time reduced to 5 days, financial stability requirements lowered or removed), which is why automated rules like that were created ("oh, if they make it to X, they were already vetted for Y, Z").

A lot of people are throwing a lot of trust and reputation on the bonfire to make this happen.



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