Buy their own fund for managed fund that they sell to others and they get good performance (when IBIT goes up with BTC) and they pay themselves the management fee! Win-win!
Is this BlackRock eating it's own dogfood?
Can anyone explain this because it's kind of confusing. Blackrock owns IBIT BTC ETF yet they are planning to "buy" some shares for their "Strategic Income Opportunities Fund".
So, are they bundling products for yet another offering to the public? How does this help them?
Anyone? Anyone? Bueller? Bueller?
https://decrypt.co/220162/blackrock-bitcoin-etf-strategic-income-fund-sec
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