buidl price

The logic of the billion boss is reversed, BlackRock should be optimistic about ETH, so it will hold the push ETF and engage in RWA on ETH. It's not necessary to overly give optimism to ETH

Boss Yi, they did really well in investment research. And it is also a low-level bullish ETH. Support Boss Yi for a wave

Boss Yi began to shout more ETH as early as 1700, and I witnessed him buy hundreds of millions of dollars of ETH all the way, and he did keep shouting and rising. This wave of shouting eth, Boss Yi is absolutely a god. The recent plunge is a black swan in the war, which is difficult to control, and ETH will still pull in the long run. @Jackyi_ld Follow Boss Yi on Twitter, the real ancient whale.

BUIDL rushed to 2.8 billion, and BlackRock turned tokenised U.S. bonds into a mainstream cash instrument BlackRock's BUIDL fund has skyrocketed by nearly $1 billion in three months, eating almost half of the growth of the entire tokenised U.S. bond market, and now the total size has reached $2.89 billion, which is not only the world's largest tokenised money fund, but also the face of the entire RAWA market, accounting for 40% of the $7.3 billion market alone. Ethena Labs no longer uses BUIDL as a source of asset support for USDtb, because USDtb is the main locomotive to promote the growth of BUIDL this year, accounting for ninety percent of the past capital inflows. Without Ethena's support, BUIDL can grow by 35% in three months, and the market demand for the on-chain version of "regulated, high-interest dollar assets" has increased rather than decreased. RWA is no longer a "conceptual issue", and the tokenization of U.S. bonds is entering the market in large quantities From March to June, not only BUIDL grew, but the entire RAWA market increased by nearly $5 billion, almost half of which was the tokenization of US Treasury bonds, and it took a year for BUIDL to break through $1 billion in March last year, but this time it took less than 90 days to go from $1 billion to $3 billion. In addition to the rise, it can also renew the distribution, reaching a new high for three consecutive months, BUIDL's monthly distribution has hit a new high for three consecutive months, from $4.17 million in March, all the way to more than $10 million in May, and the total dividend distribution has exceeded $43 million.

Another reason for ETH bullishness, BlackRock issued BUIDL, a tokenised money market fund, with its custodial Treasury bonds and repurchase agreements as the underlying assets, the current size of the fund is about 2.9 billion US dollars, of which 2.68 billion are deployed on Ethereum, accounting for more than 92%. BlackRock's stock of short-term bonds and similar assets is about 1 trillion yuan, and the market penetration rate of this fund is less than 1,000. However, the current attack cost on Ether is still too low, as a POS chain, the number of pledges on Ethereum in June is 34.65 million, close to 30% of the circulating supply, that is to say, the total circulation is 11,550, and the attacker needs to master 34% of the staking equity, that is, about 10% of the circulating market value of Ether, that is to say, the attack cost is only 31.5 billion, and now the RWA scale of BlackRock's stock on Ethereum has reached 2.68 billion. As the scale of RWA rises, Ethereum must also rise, otherwise it will not be able to open up the market value space of assets issued on the chain. BlackRock's issuance of Ethereum ETFs and its increasing holdings are aimed at driving up the price of Ethereum and encouraging Ethereum staking ETFs to increase their control over the staked treasury to improve the security of its deployment of RWA assets on Ethereum.