#nostr #bitcoin #blackrock #coinbase 
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The rumor implies that instead of actually buying and holding real Bitcoin, BlackRock is just getting these IOUs, which could artificially increase the supply of Bitcoin on Coinbase without real demand.
What would be their incentive to do so? Do they not have the BTC?
Can't wait for coinbase to blow up from being naked short BTC
I would say almost definitely
I don’t think they can actually do this! Pretty sure the rules of etfs are pretty strict
Source?
Source?
Just what I have read but I’m no expert.
Sorry I was meaning to ask the original poster. Your understanding is the same as mine.
🤪
Seems like a lot of rumors. I am unsure if accurate. I will day that coinbase has ripped me off a long time ago. I would not trust them for anything.
“I will say” *
Rumors (a good amount of them) but I have not personally seen yet.
What’s the point of suppressing the price if they just have to blow off the top later when they actually buy bitcoin? I mean this repetition of the past is getting tedious. Seems like a silly move. Why would black rock want to suppress the price anyway? They aren’t footing the bill their customers are doing the buying and would love to see ngu
Blackrock is extremely smart. I do not have the answer. I just remain diligent.
I try to watch and see as much as I can.. filtering in and out. But always watching.
Feels right
Blackrock is clearly doing something different with their ETF. They go days without any reported purchases/sells and they rarely have dump days. Would love to have a smoking gun here for proof though.
Price manipulation?
But how do they benefit from it? They would need to benefit from it for it to make sense if they do not benefit from it in any way, then they would only damage their own business.