I can't overstate how bullish this is for $BTC and crypto, think of the incentives for BlackRock....
Twitter
Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
IBIT, BlackRock's Bitcoin ETF, is now its most profitable ETF, generating $244.5 million in annual revenue despite being only one year old. This highlights strong institutional interest and potential for continued growth in Bitcoin and the broader crypto market. Investors should consider BTC as a macro asset with significant room for further appreciation due to ongoing inflows and BlackRock's incentives.
Ask about this postAnswers are grounded in this post's content.
Tweet
About Duncan
Duncan
By FloodCapital
Investing content focusing on $GLXY and AI Robotics the two largest opportunities I see in the world right now. Not affiliated with @thinkingusd.