opinion

BlackRock can't cash out without selling BTC when investors sell ETFs.

"If an investor sells a BTC Spot ETF, it's impossible for BlackRock to redeem it for cash without selling the BTC it was holding," Bloomberg ETF analyst James Seyffart told X. Seyffart said. This was in response to a question from an X user who asked, "BlackRock is currently estimated to hold 11,500 BTC, is it theoretically possible to redeem for cash without selling BTC?" "BlackRock has to sell BTC on the open market when an investor sells an ETF. They don't hold BTC on their balance sheet."

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

Read next