BR

Deep-Distribution779

Let’s bring it back to the original point: **the commenter thought BR went out and bought shares in their own ETF.** If someone doesn’t even understand that basic concept, the first step is to keep it simple. That’s all I was trying to do. It’s like saying *“Bobby bought tomatoes from the grocery store”* and I’m sure you’d jump in helpfully to say, *“Well actually, Bobby didn’t buy them from the grocery store, the grocery store was just the intermediary agent who sourced them from a transnational distribution network, who bought them from a Central American co-op, who bought them from an Ecuadorian farmer.”* You would be absolutely correct. But, was that level of detail required on first glance? does it really matter that BR subs out their custodian services if the person doesn’t understand the difference between a bitcoin and share in a BTC ETF. Thanks again for being so kind and supportive.

Deep-Distribution779

I hear you, but I don’t agree it was inaccurate. BR uses a custodial agent to hold Bitcoin for their ETF holders, and it’s ‘Coinbase Custody Trust Company, LLC,’ not Coinbase the retail exchange. They’re separate legal entities. Saying it’s just ‘Coinbase’ is wrong and makes it sound like the Bitcoin is sitting on a retail trading platform, which it isn’t. Either way, none of this really matters if someone isn’t getting the basic concept. We can agree to disagree.

Deep-Distribution779

I was aware, I just didn’t want to add that extra layer of complexity to make it even more complicated to the guy who thought BR was going to buy more shares in their own BTC ETF to order to make sure they always had enough BTC.

r_a_d_

Almost right… coinbase is the custodian for the BR etf

Deep-Distribution779

I think people are just getting hung up on the words. Investors purchase shares in BTC ETF. Then BR goes into the crypto space and purchase the equivalent value of BTC. Then BR holds (acts as the custodian) those bitcoin for the investors in exchange for a fee.

SmoothGoing

>Blackrock is required to buy more ETFs to BR runs the ETF. It doesn't buy it. And doesn't hold it. It buys BTC or sells it depending on ETF share price. ETF share price depends on demand for shares which are traded by people and institutions. BR isn't buying its own product. They make money charging shareholders an expense ratio.

Similar_Taro4534

Love this Space Quest III nostalgia!Buckazoids is soaring with 12k+ holders and global communities on X:🇵🇭[PH](https://t.co/kNQX33rZ26),🇧🇷[BR](https://t.co/ooNspNPrvA),🇬🇷[GR](https://t.co/jLBatWkQz4),🇪🇸[ES](https://t.co/XIJ9RRCCFl),🇳🇱[NL](https://t.co/GgOK6DlJc7).🇨🇳,🇺🇸 Join the intergalactic vibe!DYOR!🌏

OwenMichael312

They have been since January. https://cointelegraph.com/news/us-texas-court-reverses-tornado-cash-sanctions-crypto-privacy-win In Texas, the same place they're renditioning people from. https://www.msn.com/en-us/news/us/the-retired-jp-morgan-executive-tracking-trump-s-deportation-flights/ar-AA1BR2HL

CFSouza74

I wrote this article on the Binance wall. [Is it time to escape to the mountains?](https://app.binance.com/uni-qr/cart/22603412270874?r=889131667&l=pt-BR&uco=-E3KWqEhAY1-SesQlzFnnA&uc=app_square_share_link&us=copylink)

robi_biggbosss

AI NPCs in Crypto Games? It’s Real Now. $LUNAR is pushing the boundaries of AI in Web3 Gaming Heard of AI NPCs that talk, think, and evolve in real time? That’s not sci-fi anymore — it’s what MoonPrime Games has already built into their PC titles. This isn’t a whitepaper dream. This is LIVE. AI-powered NPCs that interact with players and each other 2 AAA PC games available Web3 integration done right — not forced Self-funded, no VCs, no presale Deflationary: nearly 10% of supply burned Browser-based AI tools + gaming magazine already live 2025 is stacked: mobile games, Z-DAY BR, staking, voting, launcher $LUNAR is the native token — already launched, fair and clean. If you’re into AI, Web3, or gaming — this might be the one.

GreedVault

MSTR and BR are both stacking BTC, so there's nothing to worry about.

News-Principal-160

BR and BMT both did well for me, thanks to Bitget for listing them early. However, the events, especially Candybomb, aren't for me since its tailored specifically for new users. Regarding your question about finding tokens like these early, the best approach is to stick to the exchange, follow good listings, and consistently check Binance Alpha and the voting board. But to be honest, unless you have insider info, 99% of it comes down to luck. It's also very risky, so only invest what you can afford to lose.

Bred_Slippy

BR also recently added a small BTC allocation to its target allocation model portfolios that allow alternative assets. 

rling_reddit

Whatever BR suggests, I would do the opposite. I think his comment was more intended for politics and an attempt to manipulate the market.

Bred_Slippy

No. Vanguard owns less than 9% of BR. Vanguard is owned by its member funds.

dou8le8u88le

If the same rules apply for selling as they do buying (T+1, meaning BR buy the day after you do, or in this case, sell) then they will be sold today. If they don’t then they sold yesterday. Does anyone know which it is?

benjaminchodroff

That’s not how Bitcoin works. GS, MSTR, BR can buy as much as they want… Bitcoin will still be managed by the decentralized miners and allow anyone to self custody and transact. It is a salable asset globally, so the U.S. market alone does not determine the price.

Bred_Slippy

Fidelity have a far longer track record than BR in digital assets, and custody themselves, rather than using Coinbase. I'd prefer them over BR for now.  

ChaoticDad21

How many times do we have to fucking say this. Blackrock isn’t buying bitcoin for themselves, it’s only for the owners of the ETF shares. The only bet BR is making is that they can make good fees off the BTC ETFs.

ChaoticDad21

If it is being manipulated it’s not because BR wants to buy it up. The higher Bitty goes, the more fees they collect, so they want it higher.

Novel_Development898

Did he say BR is buying ETH!!?

SmoothGoing

BR does not buy or sell bitcoin unless they need to balance the ETF. ETF shares trade on the open market. If their price dumps, BR will dump bitcoin. They are not "stacking" and "accumulating." They mange a fund and respond to conditions.

Pizza_Buratta234

So yes it's volatile, yes we have falls, even in BR but the number of billions of $ in liquidation is unheard of Afterwards we know that for it to be healthy it needs corrections but this one was violent

AS-141

Crypto mens in 2015 : We're accumulating BTC for avoid governement orpression. Crypto boys in 2025 : Trump, please, buy BTC for federal reserve. Please, buy back $Trump and $Melania, I'm stucked since 70$. Blackrock, please, buy BTC for BR. Vitalik, please, stop being a pussy, I need alt season.

AryaStk_21

Yup he’s right, Google is your friend. That’s exactly how BR works!

bobbyv137

For sure. That's kinda the point of 'digital' assets. As Saylor says, if something 'bad' happens somewhere in the world over a weekend, it's much easier to dump $10m of BTC on Monday morning than it is to sell real estate. Bitcoin has gone from literally worthless to over $1 trillion market cap. It was **absolutely inevitable** TradFi would become involved. And there's nothing wrong with that. We can't call it 'digital gold' and then not expect there to be a TradFi ETF and derivatives. One obvious positive is the 'legacy' people buying the ETFs are less likely to panic sell through an instrument such as the ETF than logging into Coinbase and dumping it all because some 22 year old read a negative tweet while doom scrolling. BlackRock has an incentive for their clients to keep the coins held in BR's custody as they get their sweet fees. The higher BTC is, the happier the clients are and the higher BR's fee. It's a positive feedback loop. When I saw Larry Fink go on CNBC and literally refer to Bitcoin as "digital gold" I knew the game had changed. It's going up, forever. [The ETFs are off to a ludicrous start](https://pbs.twimg.com/media/GfZ9L9BaoAA6o26?format=jpg&name=large). And TradFi will only become more involved as the asset matures. We're about 3-4 years away from your country's well known banks holding Bitcoin and offering services. Emirates NBD is one of the middle east's biggest and most prestigious banks. [One day on this page](https://www.emiratesnbd.com/en/specialized-services/rates-and-charges/fixed-deposit-rates) you will see them offering 5% yield on BTC fixed deposits.

kers2000

Funny how you never read this kind of comment when the market is pumping. It didn't feel manipulated when Saylor and BR were pumping it up?

Zodi2u

This is fucking delusional. Isn’t the whole point of btc to be decentralised and now people are excited over BR owning 65% lmao

cryptodeter

I'm out of ETH as soon as I can, ie. as soon as it gets back to 4100. So disappointing even in a BR

Mobile-Ad9871

On se fait tous éclater sans rien avoir vu venir alors que ceux qui prévoyaient de sortir du BTC à 120k$ étaient vus comme des petits bras y a encore 3 jours. Personnellement mon SL s'est déclenché à 95k$ alors que ça semblait impensable quand je l'avais mis y a une semaine (au cas ou je sois pas réactif pendant les fêtes...). Au final je vais avoir fait 10% sur le marché crypto en 2024. C'est moins que mon PEA :D Sur le dernier BR j'avais fait encore moins bien, juste un 0%. Au final on se fait toujours surprendre. Honnêtement les cryptos pour devenir riche du jour au lendemain je vais pas jusqu'à dire que c'est impossible car certains l'ont fait. Mais j'ai du mal à croire que ça le fasse pour ceux qui demandent des conseils sur Reddit. Aujourd'hui la seule chose que je pourrai conseille c'est "All in BTC avec objectif 20 ans pour faire un x10" mais j'ai pas l'impression que ce soit vraiment ce que tu cherches ;)

Angus-420

Well, It’s completely true, in the sense that hypothetically it could be forked in such a way. As to why they or anyone else would want to do such a thing, or why the general population of investors would agree to support such a thing, seems impossible to answer. Especially considering how much the retail market values the cap. BR probably just put it in the video as a sort of informal legal disclaimer, I’m sure they knew it would be ill received.

initforthellolz

ThIs will be a real fight to see if bitcoin can keep its uniqueness or just fall pray to big finance, BR being the 800lb gorilla of all things.

Drspaceman1717

So we have many companies offering ETF’s… there were no ETF’s in the past… there are ETF’s today… what’s that called… adoption. BR uses Coinbase for custody and those BTC should be off the market and removes liquidity.

MichaelAischmann

I wonder how big an effect companies like Microstrategy and BlackRock holding % of the entire supply could have on alts. How big is the effect of the Fort Knox holding gold on the price of oil? Or in other words, I don't see how MSTR & BR holding BTC affects alts at all. What's your/his logic here?

Every_Hunt_160

Exactly, can you smell the BS coming out from BR ?

sekthy

Unfortunately, no. See the example below generated randomly in Ian Coleman. The SEEDS in Pt-BR generate a Root Key X, and when I switch to English, the Root Key and all the other keys also change. Even though the Word Indexes remain the same. Pt-br: BIP39 Mnemonic: furioso oxidar racionar buraco atriz processo tonel lombo tapar moldura atoleiro belga BIP39 Seed: e9a0dc3e3454a443c21b43cb4e2e9d2fd537d3870307a301d412d5ae61a61df9f67f8bc39cbf42c56518666c1863ea9f549db412ad9321733fa019b2a197a47e En\_us: BIP39 Mnemonic: hundred rate sick client bottom sell unfold nation trap pause boring capital BIP39 Seed: 7164e310c70b023e3549ecafdfc2724f26a972684076e462a11e6435c6bd1fbc9647c8b670f2d4d5b9c1cbc38821e315c643f8e9e1088f8a2076902f5e23d72d But, the Word Indexes for both is the same: 889, 1425, 1598, 342, 210, 1563, 1897, 1178, 1850, 1291, 207, 272 When I set the english seeds in a wallet the account balance is different from the portuguese one. Is something like two different wallets with the same word indexes, because of the different languages.

Marivaux_lumytima

Hello everyone, I've been wondering for a few weeks about the following concept: At the end of the Bull Run, I would like to devote 50k to do short trading with very low leverage (x2 or x3), with the objective of making +0.9% per day (around 20 days per month) in profit, I do not don't use the profit, I take it out every day and start again the next day with my 50k, i.e.: $50,000 x 0.9% = $450 $450 x 20 days = $9000/month $9000 - 33% (taxes in France) = $6000/month net of tax Do you think it is feasible to be able to make +0.9% profit per day, over a complete crypto cycle of 4 years...and to be able to make a living from it? I also buy independently from Spot to Bear to resell it at the top of the BR. Thank you for your advice, how can I achieve +0.9% profit? Training? academy? Is the project feasible?

WineMakerBg

BR has been accumulating for years. And still everyone will be surprised when $10k happens.

hexflex1

dam this sounds like easiest money with correct BR / risk managment. 1,7% delivering 100x means plenty of them delivering even more. so if u would have invested into equal sum to all those coins ur return would have been really good. Lets not forget the rest 98.3% is not all money lost to 0. some of them are green aswel just not 100x while of course many are 0. I did expect way lower number

Tre_Walker

Ya let me tell you that most everyone and everything is "up since the election" since that is what happens every 4 years and you have to try hard to not be up at this point in every BR. Every bull run many of start thinking we are smart because everything we touch goes up. Dont wast money on meme coins that are 30 minutes old.

flexmastercatch

Too big man. I love the 1.3 liter and it's great for driving around São Paulo BR in my daily life.

Electrical_Buy_9957

i don't get your point. Grayscale has a TER (total expense ratio) of 2.5%. BlackRock and the others between 0.15 and 0.25. Since they've gone life, there has been a net outflow from Grayscale to BR and others. With a net positive inflow of 170k. I don't understand your argument

Healthy_Cheek_695

I agree, the BR for me is when btc dominance drops, the money flows to eth and the large caps! Then we get under way.

ShittingOutPosts

Is BlackRock buying Bitcoin? Unless you’re referring to their ETF, which isn’t actually BR buying the coins, it’s their clients.

SmoothGoing

Uh, my guess is the calls are sold by traders and the traders cover with collateral in their account. BR is probably not selling any options at all.

p1not

https://www.binance.com/pt-BR/square/post/11-21-2024-microstrategy-s-michael-saylor-loses-voting-control-amid-structural-changes-16528712290090

r_a_d_

So many idiots think BR et al decide how much BTC to buy or sell in their ETF.

MichaelAischmann

The BR release "Bitcoin: A unique diversifier" is definitely worth a read. Among other things the report explains how well BTC deals with geopolitical events.

BadankadonkOG

Algorand and Zypto are both solid choices. I also think Avax could ride up this BR.

1sw331

Pre black Rock and post BR

JuxtaposeLife

I mean it's a great question, and a good one to find the answer to, and understand how to validate. I just stood up a full node, and I'm ingesting the entire blockchain into database tables... for fun. I may actually do something useful with the data... it's a lot. Compressed, on chain it's like 800GB, I'm already at about 1.7TB of data in my database from it and I'm maybe half way done with my ingest... The best way to know for sure, is to stand up yoru own node and then you can physically (progrmatically) look for actual addresses and movement of coins. For Blackrock, the addresses are public knowledge... so you can search for one and see how, when and where they are adding. It would be an incredible thing to get a sense of the buying pattern... when it slows and speeds up. You could know things before BR publishes them. Definitely recommend. Standing up your own node can be done for maybe a couple hundred worth of parts. The system I built to run these analytics is more like $1200 of parts I threw together... remains to be seen if I can get a return on that. If nothing else I'm just making the network more secure, which makes me feel good.

MichaelAischmann

Sure. It had everything to do with BR and nothing to do with US election results.

SemperBavaria

Larry didn't tell his boomer investors to buy ETH. I'm waiting for BR to come around with a "Ethereum is undervalued" once they see BTC beginning to peak. They don't want their investors to pull out, so if they want to keep them, they'll need the next golden goose looking like a buy.

Deep-Philosopher-288

5PsnNwPmMtsGZgG6ZqMoDJJi28BR5xpAotXHHiQhpump Cupsey

Hour_Positive1492

Just mathing. 42 billion dollars over 4 years. 70k bitcoin price. It’s basically like buying every bitcoin mined each day. Give or take. Now you have retail that will sell which throws it off. But we also have Metaplanet trying to do the same. As well as whales that will try to buy. Same with BR fidelity ect. Who knows who else will join the party in buying, as far as corporations, ect. It will create a competitive market. Imagine having 100,000 barrels of oil left on the planet stored in your backyard, and you have every single country trying to purchase your oil. Name your price?

stringings

Cool, is there an address there or is that info built on chain analysis by Arkham? Because BR gave a reason as to why they were not publishing their address.

Wilynesslessness

BR069 - Cat is out of the bag? OP_CAT ft. NVK, Andrew Poelstra, Rob Hamilton & Rijndael. Episode: https://podcasters.spotify.com/pod/show/bitcoinreview/episodes/BR069---Cat-is-out-of-the-bag--OP_CAT-ft--NVK--Andrew-Poelstra--Rob-Hamilton--Rijndael-e2l5mm1 . Media: https://serve.podhome.fm/episode/5e76cd85-c3e5-45b7-2cfb-08dcb0a4714c/638580268483961999284be505-9d08-4b35-a9fb-96c4b6707212v1.mp3 . <p>I&#39;m joined by guests Andrew Poelstra, <a href="https://twitter.com/Rob1Ham">Rob Hamilton</a>,...

YoMamasMama89

**Bitcoin BR**, an *ESG-compliant* fork, controlled by BlackRock, coming soon to an exchange near you

r_a_d_

For 2, they are bound to reinvest whatever they dump into the other fork. So if before fork value is 100, after fork value is 20 (chosen by BR) and 80 (must be liquidated by BR). The 80 liquidated by black rock must then be used to repurchase the chosen fork, so the value of the ETF remains at 100 even though all the assets were converted to the chosen fork. Most people would choose an ETF to not deal with the technicalities of bitcoin or to enjoy tax benefits that are not applicable to self-custody (e.g. 401K). They don’t need any rabbit hole, any fork with significant impact to Bitcoin would be widely publicized with significant advance to take action, such as choosing between different ETFs who bet on different forks. At worst this creates a taxable event.

Terrible-Pattern8933

1. People who will be buying the ETFs by their very nature 'trust' BlackRock to manage their Bitcoin. They will trust BR to pick the right fork too and they will be the majority. 2. That's only true for whoever has the keys. When BR puts a disclaimer that they will get to choose the correct network - they literally mean they (BR) will decide which coin to hold and which to dump.

r_a_d_

Well, if BR signals going over to a fork that you don’t like, you simply sell your ETF before it happens. In the end they will only hold the bitcoin that people want going into the fork of their choice. They are obviously incentivized to choose the fork that the majority wants. However you miss one crucial point. On a hard fork, you only choose what happens to the assets going forward for new holders. Any holder at the moment of the fork will have BOTH assets. So they would have to liquidate one of the two, so you still retain the full value.

Iphone17promax

BR launched some stablecoin they made on Ethena sometime ago don't know how deep their partnership goes with BR

SouthJazz1010

>Blackrock may or may not hold its own shares. Black Rock most likely hold some of their own shares, I don't mean to be semantic, I'm just here to learn and I think it's very tutoring to go back and forward, it forces me to look up things, I think BR owns a few Satoshis through "intermediates" at least. >BlackRock’s largest institutional shareholders are Vanguard Group, (BlackRock itself), State Street Global Advisors, Temasek Holdings, and Bank of America. https://www.techopedia.com/who-owns-the-most-blk-stock#:~:text=BlackRock's%20largest%20institutional%20shareholders%20are,%25)%20of%20the%20company's%20holdings.

SmoothGoing

They did not buy anything to hold it for themselves. BR buys shares or some asset, wrap it up into an ETF and sell shares of the new ETF to traders and collect an expense ratio. In this case they added shares of bitcoin ETF to a mutual fund and bond fund. Those are not owned by them, but by their respective shareholders.

SmoothGoing

They do not own or control any. The shareholders of the ETF own the underlying bitcoin, technically. If shareholders start dumping share price down BR will have to sell off bitcoin to their contracted order execution partner coinbase prime, whether they like it or not.

Background_Stick6687

Yes, just buy and hold. You won’t regret in ten years. DCA in every week till the BR then hold. Make sure you store it on a cold wallet

ArcanuMELO

How so? It doesn't need to be like that at all. For instance BR1 is pay to spawn, kill to earn. $1 to play, $1 dollar for every kill. Never ending battle royale. No play 2 win at all.

SUPERDUPER-DMT

The part where BR will mint unlimited supply of it

pnw_sunny

BR understands the dollar is gonna be in a tailspin in the next 10 years.

Raj_UK

"only" $20B ? Maybe we should stop giving them ideas LOL Even if it was $100B that would still be doable for them (BR) let alone nation states aping in on the hash rate train Hmmm :/

MinimalGravitas

> Thought : what happens if BR buy 51% of the hashrate ? > How much would that currently cost out of interest ? Only about $20 billion: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999 That sounds a lot, but it isn't much of a barrier if nation states like China or the US ever perceived BTC as a realistic threat to their fiat currencies. Incidentally, it's also less than the combined treasuries of DAO's running on Ethereum, which could lead to an amusing story arc: https://deepdao.io/organizations

Raj_UK

TLDR : crypto bull pro bullish crypto news But since we're in the sub I think we all agree with Saylor in liking the BR news Thought : what happens if BR buy 51% of the hashrate ? How much would that currently cost out of interest ? Do we trust them to stay impartial / benevolent ....

ElPeroTonteria

You seem well informed on the topic... BR isn't doing shit except moving funds in/out of BTC as ordered by their customers... BR as a company hasn't bought that BTC as part of their balance sheet. These links are mostly AI Blog posts based off of a few news reports... instead of spamming your inbox, they're spamming reddit

ElPeroTonteria

BR doesn't own the BTC. They don't control if it's bought or sold... their customers who buy their ETF decide... BR serves as an intermediary. They buy/sell BTC to cover their inflow/outflow of the ETF... BR is a mechanism, not the driver

SmoothGoing

BR and Fidelity don't buy bitcoin by themselves. They buy it with other people's money; money from whoever buys the ETF shares. No state accepts bitcoin, they accept fiat through a payment processor.

Haunting-Student-756

You seem sorta slow but that’s ✅ Me and BR will gladly buy your SATs no problem. Everything around me gets cheaper everyday and I don’t need your competition! Keep your shitty FIAT! Are you ok OP? BTC Price is Everything / 21M (more like 13.999M) Millions are lost and I’m not selling! So take 400G/13.999M (1G = 1000T) WHAT NUMBER DO YOU GET OP? We aren’t here for paper gains bro. This is a revolution. Hopefully peaceful but true believers are ready for whatever and we’re not worried about the price 😂

analogOnly

Just ask Deloitte? They're the ones auditing Coinbase. If BR was getting paper Bitcoin and the customer's found out, it would be the END of IBIT, I really don't think they'd play with their customers like that. They want to keep making money.

JeromePowellLovesMe

Nothing new to most. New for some trying to make a case that IBIT moves spot in real time, and then jumping the shark that CB was selling BR a bunch of IOUs based on on- chain data. All known and published.

Mental-Health-Crisis

Look at the exchange I had with [Sani | TimechainIndex.com](https://x.com/SaniExp) on [https://x.com/SaniExp/status/1834933583753990315](https://x.com/SaniExp/status/1834933583753990315) He claims it's BlackRock addresses holding all the bitcoin but when confronted with the fact that there can't be any BR addresses since Coinbase is the custodian he shuts up and starts conspiracy theories about the FBI w/o elaborating and he also never explains how he found these supposedly BR addresses.

DBRiMatt

Fortune favours the ~~BR~~AAVE! /s

TheMissingNTLDR

BR wants to fill their bags by creating such headlines.

amtowghng

Michael Salor thinks he will get tax breaks peddling this . <br> <BR> no one in the bureaucracies wants anything but trackable assets - and no matter what drivel comes out of the GOP , they are just scamming you . <BR> <BR> every single country in the world wants to know about your assets .

MindMug

I hear you, but that’s not evidence of them taking any stance. Adding one ETF to an other, in house ETF is part of their regular playbook. It’s not new, it’s not ideological, and it’s not in response to any selling. It’s just how ETF issuers do business. And AFAIK, IBIT is only a small portion of BSIIX. No one should be worried about BR selling (or buying) because they’re doing neither. *All* the bitcoin they “own” is owned on behalf of clients.

analogOnly

Have you checked Arkham? Pretty sure they track a bunch of wallets connected to BR.

codingwithcoffee

Owning a big place just so you have a spare room for people who visit occasionally is a terrible reason to own a big place. My wife and I are currently looking at downsizing to a 2 bedroom apartment. We had been thinking 3 bedrooms “in case one of the kids needs to move back home” - then we realized it would be cheaper for us to literally pay their rent for a couple of years in a separate 1BR apartment than to pay more for us to have a “spare” room we would only be tempted to fill with “stuff”. Never do anything with your money to make other people happy. They won’t care anywhere near as much as you think they might - and you’ll just end up poorer!

BlazingPalm

I think if people were paying attention at the time, they would’ve seen that it was very likely Celsius, FTX, etc would go under. Fidelity and BR are completely different beasts. There’s always a chance, but it’s orders of magnitude less than FTX.

analogOnly

It's not how they make money from the ETF offering. They make money from the fees. I don't think BR is worried about making more money when they have assets in nearly every industry.

Vegetable_Passage_30

This "community" is sometimes depressing, I scrolled through the comments and as always bitcoiners permabull mocking OP because he dared to voice a controversial opinion.. My reply is that many people have that doubt, and that it is healthy not to be blindly convinced that "IT WILL HAPPEN AGAIN !" just because "Previous cycle". The 4.5x increase we saw pre halving is already unusual, and the lifespan of Bitcoin, 14 years, is short compared to other assets that went through recession for instance. So to me, first question is are major economies/countries going to enter into recession, if yes how will stock and crypto market react to that new situation. Also, I think Bullrun tend to start when people are still doubting, like in 2023. Right now it seems that there is a vast consensus that BTC will go to +100k$ in the upcoming month with a widely accepted scenario : - September actual rate cut. - BR start - 100k Q1/Q2 2025 I am not saying it wont or cannot happen, just that we should be able to discuss those hypotetical scenarios without trolling or dismissing OPs. And if you can't stand those topic, just skip it.

analogOnly

Yeah it's 1 to 1. I don't know BR's specific breakdown, but FBTC works out to 1131 shares is 1 BTC.

analogOnly

BR is not allowed to buy for itself inside it's ETF. The ETF is merely a management of customer's BTC holdings (as shares of the ETF) The reason BR offers an ETF is they take a management fee I think it's 0.25% or something close to that.

InclineDumbbellPress

Brazil starts with BR - BR as in BlackRock. BlackRock is Brazil confirmed

RainOfJustice

BR? Huehuehue Gibe Bitcoin pls or I repotr u

SmoothGoing

Decentralization refers to a network of independent nodes and miners, not who owns how many coins. BR buying a lot does not "centralize" bitcoin. Also, ETF operators don't buy unless they need to balance the ETF share price and price of bitcoin. So, no, they are not "buying up all the BTC."

r_a_d_

The ETF is regulated and BR has no say in how many bitcoins go in. It’s purely a function of how many stocks were bought. If they want to invest in bitcoin in one of their funds, they either buy their own ETF or bitcoin outright.

Worried-Pineapple317

Yes yes, but everyone hodling? Or BR is cashing out the paper hands, but expecting the rebound. Be greedy when others are fearful…

hodlyourground

Could it be part of their market-making strategy? For example customers sell the ETF —> BR holds the btc as float speculating that someone will buy it again in the future —> they sell it again later, saving themselves the .5% exchange fees on both the sell side and the future buy = profit

cyborgrva

We are not in a BR. Historically the BR wouldn’t start until around November. There is still few more months for that to start.

SeaSpecific7812

We shouldn't, but they will move in the direction of their donors . Both sides have switched up on crypto and the emergence of BR and ETFs probably has a big role in that.

OhioTrainWreck305

First off, key holders own the coins regardless. If you could produce a report that shows all of BR's holding to prove what you're saying, I'd love to see it. I can't find anything to support your position.

Badhabbitas

They would have filed it. BR does not own any bitcoin. They have no exposure on the asset. They simply hold it on behalf of other people, charging them nice fees. As they say you put your money where your mouth is and since BR does not outright own any i tend to believe they simply do not believe at BTC at all. They just skim people who believe in it....