On June 5, BlackRock did nothing. Not a dollar, not a movement, not even a shiver. Its Bitcoin ETF, IBIT, which until now had been a war machine for incoming capital, remained frozen. And this is not trivial. In a market where immobility is often more concerning than panic, this inaction is worth much more than just a simple zero. While others are bleeding, BlackRock stands still. And in this gesture, there may be more strategy than lethargy.
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