Replying to ede3d957...

You seem to not understand how easy it is to pull of fractional reserves on an internal ledger. Coinbase (BlackRock I'd a shareholder) could just sell empty claims. They show 1M in reserves. But they sell 2M of coins. Nobody even would notice.
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BitcoinStu 1y ago

So now they control 3 million coins the ETF is insolvent, when bitcoin goes to 250k and people take profit, blackrock execs go to prison.

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ede3d957... 1y ago

Don't forget that ETFs are cash settled.

They will just print enough USD to not go insolvent. It's the endgame or the prelude to the endgame and they will go to extremes.

What bothers me is the naivete of sine self-proclaimed BTC maxis.

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BitcoinStu 1y ago

if they are going to print money off the books, defrauding the federal reserve, give that cash to blackrock to settle ETF profits, while not actually buying the bitcoin, why wouldn't they just buy the bitcoin? Makes no sense.