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Trillion-Dollar BlackRock Refuses To Sell During Market Crash, Here’s What They Bought

Toby
By Toby August 13, 2024 185 Views
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Trillion-Dollar BlackRock Refuses To Sell During Market Crash, Here’s What They Bought
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August 5 was a day to forget for the crypto market, as prices crashed thanks to a wave of sell-offs that began over the weekend. Amid the market turmoil, trillion-dollar asset manager BlackRock held on to its Bitcoin (BTC) holdings, with institutional investors choosing to use this market crash as an opportunity to buy ETFSwap (ETFS). 

Contents
BlackRock Chooses To Hold Despite Market CrashInstitutional Investors Focus On ETFSwap (ETFS)Conclusion  

BlackRock Chooses To Hold Despite Market Crash

Bloomberg analyst Eric Balchunas revealed in an X (formerly Twitter) post that investors in BlackRock’s Spot Bitcoin ETF chose to hold rather than sell their shares despite Bitcoin dropping over 14% in a price crash that began over the weekend. Indeed, BlackRock’s Spot Bitcoin ETF didn’t witness any outflows on August 5. 

The analyst stated that BlackRock and its Bitcoin investors, believed to be majorly Boomers, are like the “Rock of Gibraltar” compared to the crypto degens. He added that the crypto market is so lucky to have them. This trend of $0 outflows from BlackRock continued on August 6 as investors in the asset manager’s Spot Bitcoin ETF maintained their exposure to Bitcoin. 

Alongside BlackRock, Balchunas noted how impressed he was by the HODL mentality of all investors in the various Spot Bitcoin ETFs. These Spot Bitcoin ETFs experienced net outflows of $168 million on August 5. However, the Bloomberg analyst stated that he expected these outflows to run into a couple of billions, which wasn’t the case. 

Institutional Investors Focus On ETFSwap (ETFS)

Amid the market turmoil, institutional investors, including those in BlackRock’s Spot Bitcoin ETF, chose to focus on the ETFSwap (ETFS) presale and accumulate as many tokens as possible. The ETFS token provides these investors access to the amazing opportunities they can enjoy on the ETFSwap platform. 

These tokens will make it easier for them to invest in exchange-traded funds (ETFs), including ones issued by BlackRock, as they can easily convert their ETFS token to tokenized ETFs on the decentralized investment platform. Investors are always looking for ways to make maximum gains from their investments, and ETFSwap is one platform that ensures that.

The decentralized finance (DeFi) platform offers leverage trading for ETFs, allowing investors to use up to 50x leverage across all listed ETFs. ETFSwap (ETFS) also offers futures trading for these traditional assets, allowing users to hold derivative contracts for these ETFs without expiration. 

Investors can also gain exposure to other asset classes on the ETFSwap (ETFS) platform, including cryptocurrencies and commodities like gold, silver, rubber, and crude oil. Similar to investing in ETFs on the DeFi platform, users can easily convert their ETFS tokens to these cryptos and commodities. 

ETFSwap (ETFS) offers staking services, allowing investors to stake their crypto assets and earn mouth-watering yields. Specifically, those who stake their ETFS tokens can earn up to 80% annual percentage yield (APY) on their staked tokens. 

It is also worth mentioning that ETFS holders are also eligible for the monthly airdrop distributed from the reward pool. Meanwhile, the trading platform plans to launch its ETF in 2025, providing investors another opportunity to maximize their profits in this market cycle. 

In addition to providing investors with several opportunities to maximize their gains, ETFSwap (ETFS) also makes investing more cost-effective, ensuring that investors spend as little as possible while gaining exposure to these assets. This is thanks to the fact that there are no hidden costs on the blockchain, unlike when using centralized trading platforms that charge fees that users might not even be aware of. 

Investing in ETFSwap’s (ETFS) presale is safe and secure. Cybersecurity firm CyberScope has audited the token’s smart contract and found no underlying vulnerabilities. It is also worth mentioning that the ETFSwap team has also been verified and certified by Solidproof. 

Conclusion  

Now is the perfect opportunity to buy ETFSwap (ETFS) just like these BlackRock investors. Currently selling at an affordable price of $0.01831, this is the lowest price ETFS will ever be, and the crypto is set to skyrocket to unprecedented heights, making investors up to a 100x return in the process. 

For more information about the ETFS Crypto Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

TAGGED:BitcoinBlackRockETFETFsETFSwap
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Last Updated on August 13, 2024 by Toby