CoinMeta data: According to Coinpaper, if Blackstone receives $10 billion in Bitcoin ETF inflows, it won't immediately drive up Bitcoin prices. The majority of ETF shares are first traded on the stock market, and only when demand is strong enough to warrant the creation of new shares will authorized participants get involved and link the ETF demand with actual Bitcoin purchases. Blackstone's iShares Bitcoin trust ETF ( IBIT ) contains 22.64 Bitcoins per basket, valued at approximately $1.91 million. A real inflow of $10 billion would require thousands of new baskets to be created, rather than a single large-scale purchase. Even with net inflows, the purchasing pressure might be dispersed; authorized participants could gradually acquire Bitcoins, use over-the-counter liquidity, or deliver cash through the ETF creation mechanism. This reduces the likelihood of sudden, significant fluctuations in Bitcoin prices. However, if there is a real new demand of $10 billion and sellers are unwilling to sell Bitcoins at current prices, the market usually adjusts upwards.