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Update on @Blackrock $IBIT holdings: Yesterday I reported that @BlackRock moved 50% of their ETF into cash. Well today they updated and they did indeed as I thought buy the dip. They are now back in 100% in Bitcoin. 👀

How did they know ? We have a new set of whale traders in the game. The ETF Fund managers can trade in and out of cash, any cash, any currency, forex included.
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nobody 1y ago

The ETF issuer fund manager has full authorization and right to move in and out of Bitcoin in any proportion. It is an actively traded vehicle. This is OK but we were misled.

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Sikto 1y ago

How? I’m not following.

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Sikto 1y ago

Of course it’s actively traded. They have to match BTC to the dollars that are coming in and out?

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nobody 1y ago

I think this all settles down as the funds grow. Too early to tell anything.