When I saw some of my friends' questions, I answered them all together: Is BlackRock transferring BTC to Coinbase for shipment? That's right or wrong, Coinbase itself is the custodian of BlackRock, which means that the BTC bought by BlackRock investors already exists on Coinbase. However, it is true that BlackRock's "address" is transferred to Coinbase for shipment, which is also the address of BlackRock on Coinbase itself. Moreover, daily shipments are marked, as shown in the Bitcoin spot ETF table I have recorded. 70% of BlackRock's accounts are retail investors, chasing gains and killing losses. That's right, that's not right either. In fact, many institutions and home offices have opened accounts with BlackRock in the form of "retail investors", which is reflected in 17F. Moreover, BlackRock's investors have been selling relatively little so far, currently holding 767365 Bitcoin, with a peak of 805467 Bitcoin and an actual selling rate of only 4.7%. 3. ETFs are not pure chain BTC Wrong, behind ETFs is BTC, and there needs to be a stock of BTC, which can be understood in the same way as USDC. 4. Is the grayscale sold out and reissued? Not really, the overall gray BTC is still declining, currently only around 200000, while at its peak it was 610000. 5. In 23-24, there was a wave of chips gathering in the 67k price range, I don't know if it was an ETF. The price is not that high in 23 years, it should be 24 years. Some of this should be ETF, but ETF buying is very slow, but almost always buying. At first glance, you seem brainless. How did you make money or do you want to harm others. Do you see the cost of the institution? Do you know when they sold it? Calculate the cost when it comes out. You know, there is data every day. @bitget VIP， Lower rates and more generous benefits