Bitcoin: Large BTC holders increasingly prefer ETFs over self-custody
Original headlineBitcoin : Les gros détenteurs de BTC préfèrent de plus en plus les ETF à l'auto-conservation
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BlackRock reports that large Bitcoin holders are increasingly converting directly held BTC into spot ETF shares such as its IBIT fund, a shift driven by security concerns and already involving several billion dollars. The move marks a notable transfer of coins from self-custody into regulated, custodied vehicles, reinforcing ETF inflows as a structural source of demand. It matters because it concentrates supply in institutional hands and could deepen liquidity and price discovery in spot Bitcoin ETFs while reducing the freely tradable float held by long-term whales. Watch next for BlackRock's disclosed conversion volumes and IBIT inflow data, plus whether other issuers report similar migrations from on-chain wallets.
Muhabbit's AI wrote this summary in its own words from Cryptoast's report and translated it from French. It can get details wrong, so check the source.
Named in this story
BlackRock (BLK), Bitcoin (BTC), IBIT
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