BlackRock transferred over $160 million in assets to Coinbase as BTC broke the $90,000 mark. Considering the ETF mechanism, is this a response to the high redemption pressure last night? 1. Responding to redemptions/high-volume selling 2. Just custody settlement/organizing wallets 3. Collateral lending/hedging 4. 🤡 Scam, scaring retail investors
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BlackRock transferred over $160 million in assets to Coinbase as BTC broke the $90,000 mark. Considering the ETF mechanism, is this a response to the high redemption pressure last night? 1. Responding to redemptions/high-volume selling 2. Just custody settlement/organizing wallets 3. Collateral lending/hedging 4. 🤡 Scam, scaring retail investors