pull down to refresh
21 sats \ 0 replies \ @Solomonsatoshi 21h \ on: Would you buy Bitcoin if Blackrock sells all of its Bitcoin? bitcoin
You mean Blackrocks BTC ETF?
Blackrock does not own any Bitcoin via the BTC ETF and therefore cannot decide to sell it.
Blackrock via Coinbase holds Bitcoin in custody for the lazy ignorant sooks who pay for that Bitcoin and Blackrock to hold it in custody for them via the ETF.
Blackrock can only sell that Bitcoin if net ETF buyers sell their shares in the ETF.