BlackRock facilitates over $3 billion in Bitcoin‑to‑ETF conversions for whales

Bitcoin whales are quietly handing over their coins straight into BlackRock’s ETF machine, not to exchanges, and not to OTC desks. According to Bloomberg, over $3 billion worth of Bitcoin has already been converted into ETF shares through in-kind transactions, allowing whales to shift their holdings from crypto wallets into brokerage accounts, without triggering a […] source: https://www.cryptopolitan.com/blackrock-bitcoin%e2%80%91to%e2%80%91etf-conversions-whales/