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2025-10-03 06:26:34 UTC
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npub1nv…4e7zd on Nostr: No, Blackrock hold ZERO bitcoin Their ETF is a Tradfi wrapper for *their customer's* ...

No, Blackrock hold ZERO bitcoin

Their ETF is a Tradfi wrapper for *their customer's* bitcoin for which the customers have a legal claim to, which by law has to be hold with a third party custodian (there's an oxymoron!); same for all ETFs. Blackrock harvests the tiny fee of the gigantic amount .. but that's NOT ownership

The *IBTC ETF* holds 773,000 BTC