Realistically Blackrock & Fidelity aren’t buying shit themselves.
People/companies/govts are buying their ETF & they are the middle man buying BTC to support those purchaes. BTC goes belly up, Blackrock & Fidelity lose NOTHING but the fees they charge.
Blackrock has been buying their own ETF for their company balance sheet. I'm not sure how much, however.
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Very recently. Yes. Very.
