BlackRock just bought $454 million of Bitcoin in a single day.
BlackRock alone put $454 million into Bitcoin ETFs today, the biggest part of a $731 million day — the largest single-day inflow since January. Six other funds bought too. This wasn’t a broad retail wave; it was one giant asset manager making an outsized bet, on top of a month of institutional buying that started with the Treasury’s bond-buyback announcement in August.
Also today: two crypto firms won preliminary approval to become actual U.S. banks, Coinbase filed to bring 24/7 trading to individual stocks, AMC’s CEO is furious at Robinhood over tokenized shares that just sent AMC’s stock up 21%, and South Korea wrote the rulebook for tokenizing its entire market.
Timestamps
0:00 BlackRock leads a $731 million day
0:45 Wall Street’s bet that this rally has legs
3:04 Two crypto firms apply to become banks
5:21 AMC vs. Robinhood: the tokenized stock fight
7:29 Inside Robinhood’s meme-coin problem
9:53 “What’s the concern?” and the aftermath
11:03 South Korea tokenizes its entire market
12:07 Trezor’s breach just tripled
13:37 How Not to Invest: the $13 billion scam alert
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