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Bloomberg: BlackRock is Attracting Major Bitcoin Holders to the Wall Street System

Bloomberg: BlackRock is Attracting Major Bitcoin Holders to the Wall Street System

Chaincatcher2025/10/21 12:37

According to ChainCatcher, citing Bloomberg, large bitcoin holders are moving their wealth from the blockchain to Wall Street balance sheets.

The new generation of ETFs offers crypto millionaires a new way to bring their digital wealth into the regulated financial system—without selling bitcoin, and by operating through funds run by major asset management companies such as BlackRock Inc. A regulatory change this summer opened a channel for large investors: they can hand over bitcoin to the ETF in exchange for shares of the fund. This is known as in-kind creation, which is common in most ETFs but was only approved for bitcoin products in July this year.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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