Part 4/13:
BlackRock, the giant asset manager, attempted to launch ETF products but faced peculiar phenomena: the price deviations between ETF shares and Bitcoin's spot price varied significantly. For example, some ETFs experienced a staggering 6-7% difference between their share prices and the underlying Bitcoin value. During the same period, BlackRock's assets declined by up to 15%, suggesting strategic sell-offs or distribution models that may not be transparent.