BlackRock Gobbles $970M in Bitcoin While Rival ETFs Bleed Assets
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Wall Street’s crypto gold rush takes a sharp turn as BlackRock doubles down—just as competitors scramble to stem the bleeding.
The whale moves: While smaller ETF issuers watch capital flee, the asset management titan quietly stacks another 15,000 BTC. Timing is everything, especially when you’re playing with pension funds.
Market tremors: This power play coincides with Bitcoin’s consolidation below its all-time high. Either BlackRock knows something—or they’re making a very expensive bet on institutional FOMO.
Bonus jab: Nothing says ’financial innovation’ like billion-dollar firms front-running the little guys... again.
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