Bitcoin Whales Are Moving On-Chain Wealth Onto Wall Street Via BlackRock’s IBIT

Bitcoin Magazine

Bitcoin Whales Are Moving On-Chain Wealth Onto Wall Street Via BlackRock’s IBIT

A quiet migration is underway among Bitcoin’s wealthiest holders — from cold storage to custodians. A new wave of U.S. exchange-traded funds (ETFs) is allowing longtime Bitcoiners to fold their holdings into the traditional financial system without selling a single sat.  The change comes after regulators approved “in-kind” transactions for spot Bitcoin ETFs this summer, […]

This post Bitcoin Whales Are Moving On-Chain Wealth Onto Wall Street Via BlackRock’s IBIT first appeared on Bitcoin Magazine and is written by Micah Zimmerman.