These days I have been thinking about why BlackRock keeps buying. I don’t like or believe in the “conspiracy theory”, such as reservoirs and US debt. I think there should be no such “evil” idea. After all, as ETFs, the purchase volume of other companies is too different.

Thinking about it, BlackRock had gold ETFs before, so they must have a large number of financial potential customers and base users, and they are all mature investors. Then everyone knows that if the gold ETF and gold spot increase month-on-month and year-on-year, the increase of gold ETF is obviously several times that of gold spot, and it is still a mature financial product.

So back to understand, is BlackRock conveying the same concept to its previous base users by using gold ETF as an example?

If you buy BTC spot, how much can it increase? 150,000? 200,000? Now that the price is so high, how much potential profit can be expected? Then BTC ETF is different. It was only launched in February this year, and it has only been 9 months since then. So can it be understood that, looking at the long-term period, the current price of BTC ETF is still at the absolute bottom price, or in the dividend period?

If it is based on this logic, then it is appropriate to buy BTC ETF at any time. In the long run, it is reasonable to see a multiple increase far higher than BTC spot.

Especially after I checked the price of BTC ETF, to be honest, I was a little tempted to buy a few thousand U, just as a wish. After all, I missed the industry dividend period of BTC spot. No one knows whether BTC ETF can give a dividend period. As for the current situation, if you hold it for a long time, for 10 or 8 years, there may really be a miracle.

With this mentality, it is not difficult to understand why American users are crazy about fomo buying BTC ETF. This is indeed, it has its unique attraction.

Because of the crazy surge in BTC ETF purchases and the 1:1 pledge of spot ETFs, BlackRock directly swept the spot at no cost, thus driving the BTC spot price up.

From this perspective, everything makes sense. . .

Friend, do you want to buy BTC ETFs?Anyway, I want to buy...