iShares Bitcoin Trust ETF (IBIT)

[StockRoomBully]

Gold Reserve Act of 1934
by G Richardson · Cited by 25 — Signed by President Franklin D. Roosevelt

Blackrock stripping miners to the bones
11500 btc in two days. Halving+demand = ETF substantial gains


This time Bitcoin Reserve Act 2024
Same happening all over again

"Rationale. The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsening the depression as the US was then using the gold standard for its currency."


Notes:

"Historical data from the launch of the first gold ETF in the US in November 2004 provides insights into a potential Bitcoin ETF's impact. Gold's price steadily increased from $375 in May to $442 on the ETF launch day, reaching $454 shortly after due to substantial inflows."

"inflows
a large amount of money, people, or water, that moves or is transferred into a place."

"$1.4B Inflows Into Spot Bitcoin ETF After First Two Trading Sessions"