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BlackRock’s $70B Bitcoin Bet: Bullish Signal or Silent Takeover?

  • BlackRock holds over $70 billion worth of Bitcoin through its ETF products, which has sparked a debate in the crypto community.
  • Critics warn that BlackRock's dominance in Bitcoin ETFs could threaten decentralization and user control over Bitcoin's future.
  • BlackRock's iShares Bitcoin Trust (IBIT) controls at least 660,137 BTC, making it the largest crypto ETF by Bitcoin holdings.
  • There are concerns that BlackRock and other ETF giants could influence Bitcoin's future through centralized power, potentially shaping its narrative and utility.

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