If I hear it one more time in 2025... - No, Blackrock doesn't buy Bitcoin via the ETF. Blackrock's ETF is only an investment vehicle for *others* to enter or exit Bitcoin exposure. Blackrock does not have exposure nor assuming risk through their ETFs. - No, Blackrock doesn't even hold the Bitcoin. Coinbase and Anchorage are the custodians. - No, an inflow or outflow of Blackrock's ETF is not indications of institutional flow. Practically every layperson with a broker account can buy ETFs. No reputable HFs or AMs will rely on ETFs to have exposure in Bitcoin.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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