The BlackRock ETF

So let me get that straight, less than twenty days ago the SEC (Security Exchange Commission) sued first Binance and then Coinbase.
A few days later, Blackrock files the application for Bitcoin ETF. Shortly afterward, Fidelity, Wisdom Tree, Invesco, Santander, and today HSBC is looking to get approved in Hong Kong. So I won’t be surprised by more big news following days. We are talking of a group of asset managers of about 15 trillion.

In the first quarter of 2023, BlackRock the world’s largest asset manager owns 6% of Microstrategy, Fidelity increases the stack by 28.000%, and Bank of America the second largest bank curiously increases by 47.800% about 2.35%. Only those three institutions own a staggering amount of 10% total shares of Microstrategy Ink.

What Microstrategy Ink owns? 140.000 Bitcoin for a value of over 3 billion.
Why are these banks buying stocks correlated to the BTC price?

Maybe with no ETF for now in the US buying Microstrategy to get exposed to Bitcoin could be the easiest way for institutions without the knowledge or expertise to buy into it directly.

The global appetite for BTC doesn’t stop in 2023, also the 6th largest Canadian bank owns also half a million dollars of Microstrategy.

Huge players are buying into Microstrategy Ink. so what’s going on here?
Those who revolve around moving and managing money all their life see what Bitcoin is. Massive sums of money are flowing in only if you think that there is something there and if they are willing to put the money where their mouth is, maybe we should do the same.