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Cryptopolitan

$3B in Bitcoin quietly flows into BlackRock's ETF via in-kind conversions

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 [...]

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