"They are holding it for their customers"
Untrue! those bitcoins actually are black rock property. Customers only have a piece of paper.
not your keys not your coins
Please remember that.
Discussion
Thank you for the clarification and important remembrance of the essence of Bitcoin.
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?
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? 😅