IBIT is BlackRock’s most profitable ETF ever, and Uncle Larry Fink LOVES it.
BlackRock makes more money when bitcoin pumps, and you’re bearish, anon?!?
Discussion
Aladdin is still in the palace. Cant wait the moment until somebody rub the lamp
tha kartel
He also males money when you sell
The BlackRock bitcoin ETF IBIT holds $87,103,973,877 worth of BTC.
They charge 0.25% and make $217,759,935 annually on this amount, assuming zero growth and zero bitcoin price increase.
If bitcoin goes up, so does their fee.
Uncle Larry wants to pump your bags.