In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.
To reiterate: under @POTUS, the United States delivers for America’s trusted partners.
For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.
$IBIT a hair away from $100 billion, is now the most profitable ETF for BlackRock by a good amount now based on current aum. Check out the ages of the rest of the Top 10. Absurd.
6 days into Q4, and $MSTR is sitting on $6.5B of unrealized gain & ~ $4.6B of net income.
Roughly ~
$775 Million of Net Income per day
$500,000 of Net Income per employee, per day
It's still incredibly insane to me that in June 2023 BlackRock filed for a Bitcoin ETF by January 2024 it was approved and by July 2025 it is generating more business revenue for BlackRock than their S&P 500 index fund ETF.
No one else see's the ramifications of this?
Mfer.
Last top incels were refusing offers for $450,000 for a jpeg of a monkey.
Crypto made so much Lamborghini prices LITERALLY doubled in the US.
We are no where near a top. Shut the fuck up and bid.
$IBIT is now the 3rd highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9b away from being #1. Just another insane stat for a 1.5yr old (literally an infant) ETF. Here's Top 10 list for BLK (aside, how about the forgettable $IWF at top spot, who knew?)