BlackRock now holding 806,000+ BTC through IBIT honestly feels bigger than most people realize
At that point it stops being “just another ETF” and starts becoming a real supply story. That’s over $63B in Bitcoin sitting inside one institutional vehicle, and every new inflow means less liquid BTC floating around the open market. Retail watches candles, BlackRock is just quietly removing supply
Pretty wild that one of the biggest arguments against Bitcoin used to be “institutions will never touch it” and now BlackRock is one of the largest structural holders on the planet
Do you think this is bullish because of scarcity, or bearish because too much BTC keeps getting concentrated inside giant custodial structures?
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