# The clue is in "assets under management" ( AUM ). Self-custody means #Blackrock gets 0.
# Another idiot
#Blackrock gets its fake paper #Bitcoin from #Coinbase. Yes they get 0.25% of IBIT EFT assets under management ( AUM ) but they have other AUM.
Also #BTC is **eating their lunch like the internet ate the telecommunication networks' lunch** so they **have to crash the BTC exchange rate** like #FTX, to keep the confidence game going.
https://www.youtube.com/watch?v=jwrclwNVxTY
#grownostr
Discussion
# let the games begin 🚀
**#BlackRock’s #Bitcoin #ETF surpasses $21 billion in #AUM**
"#Grayscale is attempting to mitigate further losses by launching a second exchange-traded fund (ETF) that tracks spot Bitcoin prices with a reduced fee of 0.15%. To provide the initial capital for this new ETF, the company plans to spin off a portion of its existing Grayscale Bitcoin Trust ( #GBTC ), which trades under the symbol “GBTC.”"