This is actually a big deal. đź‘€
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Discussion
Might tank price tho.
Why would it tank the price?
If an ETF share is destroyed now, BTC gets sold to redeem in USD. With in-kind redemption that BTC doesn’t need to be sold.
Am I missing something?
Yes, this is huge!
How is it a big deal?
Because it allows sovereignty?
Or for another reason?
This would pretty big
Yes, very.
That's wild, not 100% paper bitcoin then
Wow! That’s unexpected. Maybe Larry Fink is truly orange pilled.
All investors, or just qualified institutions?
I heard because there is less sell pressure. But what I don't understand is why any of us using cold storage would send it to black rock. They'd have to pay me a lot to send it to them, and even then, I probably wouldn't. Not worth the risk of them never giving my BTC back.
