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Analyst: Some Bitcoin whales are converting physical BTC into ETFs, with IBIT having executed approximately $3 billion in trades.

Analyst: Some Bitcoin whales are converting physical BTC into ETFs, with IBIT having executed approximately $3 billion in trades.

ChaincatcherChaincatcher2025/10/22 03:03
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According to ChainCatcher, some bitcoin whales, after discovering the advantages of TradFi, have started converting physical bitcoin into ETFs for profit. It is reported that BlackRock’s bitcoin exchange-traded fund IBIT has already executed approximately $3 billion of such customized transactions. This type of transaction is known as portfolio trades, which are very popular in the bond sector.

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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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