Eric Balchunas
Eric Balchunas|Oct 21, 2025 23:27
Some Bitcoin whales are doing custom creations of IBIT (trading in their physical Bitcoin for shares of the ETF) for a variety of benefits after discovering TradFi has its perks. BlackRock has done $3b of these. These are called portfolio trades and popular in bond land. Great piece on it from @emily_graffeo(Eric Balchunas)
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