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BlackRock’s strategy went on-chain, but its name is nowhere in the fine print
The three tokens Ondo launched yesterday contain allocations managed by BlackRock
They’re only sold to people outside the United States
Ondo’s own disclosures make it clear
BlackRock only provides the strategy and has nothing else to do with it
The management fees collected by the underlying funds still flow into its pockets
ONDO was up 26% yesterday while Bitcoin stayed flat at $84,000
I didn’t have a position in that 26% gain
If it drops back to $0.45, I’ll take another look
At the current price, I’m not buying
The three tokens Ondo released yesterday contain allocations managed by BlackRock
They’re sold only to people outside the United States
Ondo’s own disclosure makes that clear
BlackRock only provides the strategy and has no involvement in anything else
The management fees collected by the underlying funds still flow into its pocket
ONDO gained 26% in a single day yesterday, while Bitcoin sat still at $84,000
There was no position of mine in that 26% gain
If it drops back to $0.45, I’ll take another look
At the current price, I’m not buying