2026-01-06 17:30:24

This move is very clever. With $8 trillion in advisory assets under management, since the authority has already been delegated to those advisors for allocation, it would be more cost-effective to establish their own brand of funds—why pay fees to competitors like BlackRock? In this way, not only can they enhance brand presence, but they can also provide a significant boost to their main BYOA ETF business. From both a cost and strategic value perspective, this move truly hits two birds with one stone.

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ServantOfSatoshi

· 01-06 18:00

The seller's self-built fund is really cutting their own people. Black Rock's good days are over, haha. This move is really clever—saving on fees and establishing a brand. With a scale of 8 trillion, who can resist creating their own fund? Brilliant, saving money while expanding influence. No wonder capital plays like this.

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CryptoPhoenix

· 01-06 17:55

8 trillion yuan, if it can really cut some fees, it would be a rebirth [Laughing] --- It's the same old cost-cutting trick, but this time there's actually something there—conservation of energy, right? --- Remember, true opportunities are always hidden in the anxiety of competitors --- I'm optimistic about BYOA; the signals for building positions at the bottom range are becoming clearer --- Aiming for two birds with one stone, huh? I bet this is the beginning of mindset reconstruction --- How does it feel to be squeezed by BlackRock? This move is indeed ruthless --- Crossing cycles like this means not giving others a chance to pay fees, which is giving yourself an opportunity --- Fee wars may sound boring, but upon closer inspection, they signal a return to value --- Alright, finally seeing someone understand this matter --- This is called strategic thinking; patient people can see through it

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ShitcoinArbitrageur

· 01-06 17:52

I just want to ask, why does 8 trillion have to build its own fund? Isn't it more profitable to just profit from the spread? Just copying BlackRock's approach, how much money can be saved? It's another internal cycle among financial giants. This tactic is really clever—it's a new way to harvest retail investors. Cost optimization plus brand marketing—winning big, for sure.

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DeFiVeteran

· 01-06 17:51

Wow, this logic is amazing. Playing your own ecosystem can save transaction fees.

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just_vibin_onchain

· 01-06 17:50

Alright, this is a classic example of the "why give away something for free" logic. --- A $8 trillion market, isn't it more enjoyable to play yourself? Why pay fees to BlackRock? --- Aiming for two birds with one stone? I think it's three birds with one stone—brand, costs, and market share all covered. --- Smart is smart, but it all depends on execution. --- This move is indeed brilliant; building your own fund is like directly cutting out the middleman. --- No wonder the big players are all thinking about vertical integration—who would want to give money to competitors? --- That's a solid point, but the real question is whether these advisors can truly be retained and not leave. --- BYOA is indeed a lucrative area; no wonder everyone wants a piece of the pie.

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