Didnt see that at all, what is it?
Discussion
blackrock is using coinbase for it custodian for the bitcoin ETF. but the contract says blackrock doesnt actually have to own the bitcoin to offer it. so they could offer puts and calls and drive the price in any direction without owning the asset. thats how we get market manipulation
They can "inflate" bitcoin and reel in more fiat gainz at bitcoin's expense. It's guaranteed to fail eventually but to quote Keynes, "in the long run, we're all dead."
Thats bad craic