npub1uq…4gcwa on Nostr: IBIT, BlackRock's #BTC ETF, showed every major asset manager and financial services ...
IBIT, BlackRock's #BTC ETF, showed every major asset manager and financial services firm the playbook: take Bitcoin, wrap it in a traditional fund structure, list it, and turn it into a nice chunky fee stream. The institutions brought their capital to pump your bags, but also let in more KYC and less self custody through the backdoor.
Published at
2026-02-23 05:53:39 CETEvent JSON
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"content": "IBIT, BlackRock's #BTC ETF, showed every major asset manager and financial services firm the playbook: take Bitcoin, wrap it in a traditional fund structure, list it, and turn it into a nice chunky fee stream. The institutions brought their capital to pump your bags, but also let in more KYC and less self custody through the backdoor. ",
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