If BNYM hits it big with DBV-X, where does that leave GCF(R) Repo? (Premium)

With all the changes currently going on in the market, if BNY Mellon’s recent purchase of DBV-X goes through and is a success, will that impact the DTCC’s GCF(R) Repo business? Its takes a minute to explain the logic but bear with us as we play it out.
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