#BlackRock helping Bitcoin whales transition their holdings toward ETFs.

Bitcoin $BTC whales are reportedly shifting their portfolios from their on-chain wallets to Wall Street through exchange-traded funds (ETFs) from asset managers like BlackRock (BLK).

Bitcoin whales transition to Wall Street, leveraging BlackRock's ETF

Major Bitcoin investors are beginning to shift their holdings from wallets into traditional financial channels, leveraging crypto ETFs to bring their digital asset holdings under regulated management without initially liquidating their assets, Bloomberg reported on Tuesday.