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Exploring BlackRock's BUIDL fund: Bridging traditional finance and DeFicryptoslate.com/exploring-blackrocks-buidl-fund-bridging-traditional-finance-and-defi/
51 sats \ 3 comments \ @Cje95 8 Jun econ
While I am the first to hate on BlackRock and I mean really looking at them what is there to actually like. When they launched BUIDL in March it was a huge move because of the power they have behind them. They are one of if not THE traditional finance leader in the world and if they are moving into this space it only shows how we were all early to it.
The growth in real world assets (RWA) has been enormous this year
https://m.stacker.news/34522
Even with only 14 holders at the moment the growth in the fund has been pretty solid as well!
https://m.stacker.news/34523
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0 sats \ 2 replies \ @Satosora 8 Jun
I wonder why the price of btc hasnt gone up since they are buying so much. Still stays around the same high...shouldnt it have gone up explosively?
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10 sats \ 1 reply \ @Cje95 OP 8 Jun
I know the outflows of Grayscale was an issue for the first month or so...
With this fund though it is on the ETH chain since BTC doesn't have a really built-out DeFi/RWA space like ETH currently has
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0 sats \ 0 replies \ @Satosora 8 Jun
You think it was just outflow from grayscale and inflow to balckrock?
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