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$BTC BlackRock Helps Bitcoin Whales Shift Holdings Into ETFs BlackRock is apparently assisting Bitcoin whales switch to Wall Street by converting their BTC to ETF shares equally. The action mirrors the US SEC's crypto ETF in-kind formation and redemption approval. BlackRock's IBIT ETF has received nearly $3 billion in conversions. BlackRock helping Bitcoin whales switch to ETFs ETFs from asset managers like BlackRock are apparently moving Bitcoin (BTC) whales' holdings from on-chain wallets to Wall Street. Bitcoin whales use BlackRock's ETF on Wall Street. Bloomberg reported Tuesday that major Bitcoin investors are using crypto ETFs to govern their digital asset holdings without selling them. The development, led by BlackRock products, indicates a confluence of digital assets and traditional finance. Bloomberg reports that BlackRock's head of digital assets, Robbie Mitchnick, has enabled over $3 billion in conversions into the iShares spot Bitcoin ETF (IBIT). Many significant Bitcoin investors are switching to regulated investment vehicles for security and institutional scrutiny after years of self-management. The investors are recognizing "the convenience of being able to hold their exposure within their existing financial adviser or private-bank relationship," Mitchnick told Bloomberg. He said customer demand ranges from those wanting to shift 20% of their Bitcoin holdings into ETFs to those wanting to switch to conventional finance. Bitcoin investors may keep exposure while integrating it into the regular financial system by trading BTC for ETF shares. "If you bring your $5 million worth of Bitcoin into a Bitcoin ETF, and you now hold that on your wealth management platform, you qualify for a much higher level of service," said Bitwise CEO Teddy Fusaro. The iShares Bitcoin ETF (IBIT) was BlackRock's most lucrative investment, earning $245 million annually. In little over 400 days of trading, the fund's AUM is approaching $100 billion.
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nothing good happening with crypto right now š $BTC $ETH
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$TRUMP $BTC $ETH {future}(TRUMPUSDT) Breaking News ā President Donald Trump has unveiled a bold new proposal to use tariffs on U.S. imports as a means of paying down the national debt. According to Trump, this strategy would help reduce the trade deficit while strengthening the American economy. The announcement comes as the United States continues to face mounting fiscal challenges and an ever-growing public debt burden. Trumpās proposal could carry far-reaching implications, not only for the domestic economy but also for global trade and financial stability. Analysts warn that while such a move could generate short-term revenue, it may also trigger complex reactions in international markets, potentially reshaping trade relations and global supply chains. This development places tariff policy back at the center of U.S. economic debate, raising crucial questions about its long-term effects on growth, inflation, and Americaās position in the world economy. #MarketPullbackl #USGovernment #TrumpTariffs
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š„BlackRock buys $41.91 million worth of $ETH.
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BREAKING: Trump Unleashes 155% Tariff Threat on ChinaāMarkets in Freefall šŗšø President Trump has just issued a seismic ultimatum: if Beijing doesnāt seal a trade deal by November 1, the U.S. will impose up to 155% tariffs on Chinese imports. š„ This isnāt posturing. Itās a direct escalationāand Wall Street is already reacting. Stocks are sliding, risk assets are bleeding, and traders are scrambling for cover. š§Ø Trumpās words: āTheyāre paying 55% now. That could jump to 155% come November.ā š Gold spiking. Crypto jittery. Global trade on edge. š Is this the start of a new economic warāor a masterstroke negotiation tactic? #MarketPullback #TrumpCrypto #REX-OSPREYSolanaETF #USBankingCreditRisk #USBitcoinReservesSurge $PAXG $SOL $PEPE
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