BSCN(@BSCNews):Bitcoin Whales Are Turning to BlackRock for Security BlackRock (@BlackRock) says demand from large Bitcoin holders converting $BTC into IBIT shares has hit record levels. Head of Digital Assets Robbie Mitchnick cited roughly $3.6 billion in conversions. Many investors are seeking institutional custody over self-custody due to security concerns. These transactions do not necessarily represent fresh money entering Bitcoin. Meanwhile, separate reports show BlackRock recently transfered $213.23 million in Bitcoin and $118.28 million in Ethereum $ETH. The transfers total $331.51 million and come amid ETF redemption pressure. Source: Barron's

2026.11.10 08:20

Bitcoin Whales Are Turning to BlackRock for Security BlackRock (@BlackRock) says demand from large Bitcoin holders converting $BTC into IBIT shares has hit record levels. Head of Digital Assets Robbie Mitchnick cited roughly $3.6 billion in conversions. Many investors are seeking institutional custody over self-custody due to security concerns. These transactions do not necessarily represent fresh money entering Bitcoin. Meanwhile, separate reports show BlackRock recently transfered $213.23 million in Bitcoin and $118.28 million in Ethereum $ETH. The transfers total $331.51 million and come amid ETF redemption pressure. Source: Barron's