#数字货币市场回升 To be honest, BlackRock's BTC ETF is really impressive right now. Their executives in Brazil have publicly acknowledged that this product has become the most profitable for the company, surpassing those traditional funds that have been operating for over twenty years.
The data is clear: the IBIT series is rapidly approaching a global scale of 100 billion USD, with Bitcoin in hand accounting for over 3% of the total supply. The management fees alone can generate 245 million USD a year, and this is just the beginning.
The most critical point is that institutional funds are still pouring in. This operation is equivalent to providing a super thick protective bottom position for $BTC , making it difficult to break through this price level in the short term. $ETH is also benefiting from this, as large funds entering the market always need to allocate and diversify. Although market sentiment is still fluctuating, with such a substantial amount of funds as support, the space for correction has actually been significantly compressed.
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JustHereForMemes
· 11-30 13:00
BlackRock's hand is indeed played perfectly, the old-timers in TradFi are about to be overwhelmed.
It's not an exaggeration, the speed of IBIT is at a level of crazy money burning.
Institutions are huddling together for warmth, and retail investors are following the hype, this situation can't be sustained by anyone.
To put it simply, it's about who has more chips in hand, and right now BlackRock is the boss.
The price of $BTC has become solid, and the Market Stabilization bottom position is clear.
Wait, why is $ETH also riding the coattails? This logic seems a bit forced.
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TestnetFreeloader
· 11-30 13:00
BlackRock really played this hand well, completely crushing the traditional funds, haha.
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PriceOracleFairy
· 11-30 13:00
ngl ibit's wealth extraction mechanism is lowkey genius... 2.45b annual fees on what amounts to a glorified hodl. that's the real alpha nobody talks about lmaooo
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SmartContractDiver
· 11-30 12:50
BlackRock really plays its cards well, rubbing the old fossils of TradFi on the ground.
#数字货币市场回升 To be honest, BlackRock's BTC ETF is really impressive right now. Their executives in Brazil have publicly acknowledged that this product has become the most profitable for the company, surpassing those traditional funds that have been operating for over twenty years.
The data is clear: the IBIT series is rapidly approaching a global scale of 100 billion USD, with Bitcoin in hand accounting for over 3% of the total supply. The management fees alone can generate 245 million USD a year, and this is just the beginning.
The most critical point is that institutional funds are still pouring in. This operation is equivalent to providing a super thick protective bottom position for $BTC , making it difficult to break through this price level in the short term. $ETH is also benefiting from this, as large funds entering the market always need to allocate and diversify. Although market sentiment is still fluctuating, with such a substantial amount of funds as support, the space for correction has actually been significantly compressed.