I didn't see someone post this. But I have some newbies on ignore, so...
💥 BREAKING: BlackRock just filed to allow in-kind creation and redemption on their Bitcoin ETF $IBIT
This mean Authorised Participants can deposit and withdraw Bitcoin to and from the ETF. 🔥
https://x.com/BTC_Archive/status/1882902842878669000I find this pretty strange, maybe im wrong but..... its not against the idea/nature of the ETF itself?....
It is one of those "Rules for Thee..." type deals is my guess.
I try to read all posts sans the ignoreeze, and seemed to have missed this.
It was a good rant and hopefully someone listened, the last thing we need is TWO Fed Reserves Going Brrrrrrrrr, THAT would be a fucking nightmare!
I listened and tried to arrange the transcript into something readable. The way he was speaking, I probably should have just hit the CAPSLOCK but here goes:
"Okay! Emergency press conference!
Ripple is undermining American prosperity and freedom. ...