10 minutes and IBIT (Blackrock) has already traded more than 25 million shares.
This is unprecedented in any previous ETF.
In my opinion I don't think the system will allow this, I see it as disproportionate, the Fiat system would go to shit.
I know this is an unpopular opinion but it is what my reason tells me.
This is how a bank run looks like
It's something I've been thinking about lately. What does a modern day bank run look like, compared to the past?
Previously, you could physically see the bank run occur, in real time. Now, the line ups are happening digitally, so they might be harder to notice.
Physically --> easier to notice, but slower to materialize due to physical constraints (having to see a bank teller)
Digital --> harder to notice, but faster to materialize due to software (login and a move money quickly)
A note of clarification.
The volume of units traded in an ETF is not related to the volume of purchases or sales of the asset, but to the interest in that asset.
What this volume is showing us is the interest in that asset and I think it is very very large. Blackrock has already applied to the SEC for themselves to be able to invest, and soon the pension funds will arrive, as I commented weeks ago, at least 3 months should pass from the launch of the ETF for the big ones to arrive.
Do you think the system will allow this decapitalization of fiat currency in a peaceful way?
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