Blackrock uses its enormous holding to leverage the global market, it certainly looks like it plans to use banks as tools to leverage Bitcoin.

BlackRock has revised its spot Bitcoin exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash rather than just crypto. The new in-kind redemption “prepay” model will allow banking giants such as JPMorgan or Goldman Sachs to act as authorized participants for the fund, letting them circumvent restrictions that prevent them from holding Bitcoin or crypto directly on their balance sheets.

Larry Fink and Blackrock are probably as large comparatively to any of the dynastic families from the Industrial Revolution. #Bitcoin