740,896 .. APPROACHING 1M
BlackRock has already accumulated 740,896 BTC for its ETF and earns about $200 million a year just from fees with iShares Bitcoin Trust.
This is more than their largest ETF on the S&P 500 (IVV), which manages ten times more capital and has existed for twenty times longer than the Bitcoin ETF!
Interestingly, it was publicly known that BlackRock was entering Bitcoin at the $20k mark, ETF applications were submitted at the $25k mark, and now it’s already $118k, but retail investors STILL do not understand where the trend is headed..
All those who missed the seemingly "obvious" (can it really be that obvious 🤣) trend of Bitcoin are eagerly preparing and doing everything to miss the next trend, the altcoin trend.
As they say: what a time to be alive..
The problem with many "crypto enthusiasts" is that they think BlackRock has come to shear them, taking away their $100. Of course, there is some truth to this, Larry Fink is not our friend. But in reality, everything is a bit more prosaic:
BlackRock is creating infrastructure for itself, gradually monopolizing this market and right before our eyes - "growing entire hamster farms".
