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BTC hits 200K I change my name
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💥BREAKING:
Blackrock buys $142M worth of $BTC
{spot}(BTCUSDT)
BlackRock buying $142M in BTC is probably just creating new units for their spot ETF (IBIT) based on client demand. This isn't 'BlackRock believes in Bitcoin', it's market-making. They buy BTC when clients buy the ETF. It's mechanical, not strategic.
Blackrock buys $142M worth of $BTC
{spot}(BTCUSDT)
BlackRock buying $142M in BTC is probably just creating new units for their spot ETF (IBIT) based on client demand. This isn't 'BlackRock believes in Bitcoin', it's market-making. They buy BTC when clients buy the ETF. It's mechanical, not strategic.
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