#bitcoin #etf

Bitcoin Whales Dive into TradFi via ETFs 🐳📈

BlackRock reports that $BTC whales are swapping their crypto for spot Bitcoin ETF shares, integrating their wealth into traditional finance without triggering taxes. Over $3B in conversions have already happened, with BlackRock’s IBIT leading the charge.

Why the shift? ETFs offer easier access to loans, estate planning, and wealth management services, blending crypto with TradFi’s century-old infrastructure. Tuesday saw $475M in ETF inflows, with IBIT ($209M) and ARK Invest ($163M) topping the list.

Irony alert: Bitcoin was created to bypass TradFi, yet its biggest holders are now embracing it. With 155 crypto ETF filings and counting, the market is in a “total land rush.” 🚀