Hypothetical question? If all of the paper bitcoin holders over night saw the light and sold their ETFs so they could buy the real thing, I guess blackrock would sell anything other than their bitcoin to discharge their liabilities and thus continue to hold all the bitcoin they had accumulated. Would this be a fair understanding?

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I don't know what Blackrock would do.

If they understood Bitcoin, it's possible they would sell other things and keep Bitcoin.

who knows? 😅