X @Nick Szabo

RT Michael Burry Stock Tracker ♟ (@burrytracker)Breaking: BlackRock just froze $1.2 billion in withdrawal requests at its private credit fund.Here's what happened:• Investors in BlackRock's $26B fund asked to pull out 9.3% of their money• BlackRock said no — capped withdrawals at 5%• Blackstone's $82B fund saw record withdrawal requests the same week• Blackstone had to put in $400M of its own cash to cover the exitsTwo of the biggest funds on the planet are limiting how much you can take out. ...