Would you trade fractional CryptoPunks spot or perps?

Imagine there was a liquid market for CryptoPunks floor price, without needing to buy an entire Punk. You could either: * Buy/sell a fractionalized Punk token on spot * Trade a PUNK/USD perpetual, long or short, with leverage Assume the fractionalized tokens are backed by actual CryptoPunks locked in a vault and can ultimately be redeemed against the underlying NFTs. Would you trade either of these? Why or why not?