Bitcoin Price Decline Prompts Shift in Whale Preferences, BlackRock Reveals
Key Highlights Approximately $3.6 billion worth of Bitcoin has been converted into BlackRock’s iShares Bitcoin Trust (IBIT) shares following regulatory approval for in-kind creation and redemptions. Demand for conversions has climbed to an all-time high, driven primarily by investors seeking institutional-grade custody and security over self-managed private keys or crypto exchange wallets. BlackRock has significantly ...