Bitcoin Magazine Bitcoin Whales Are Moving On-Chain Wealth Onto Wall Street Via BlackRock’s IBIT

A quiet migration is underway among Bitcoin’s wealthiest holders — from cold storage to custodians.

A new wave of U.S. exchange-traded funds (ETFs) is allowing longtime Bitcoiners to fold their holdings into the traditional financial system without selling a single sat.

The change comes after regulators approved “in-kind” transactions for spot Bitcoin ETFs this summer, a mechanism that lets investors deposit Bitcoin directly into a fund in exchange for shares, according to Bloomberg reporting.

This mechanism is a tax-neutral move standard across equities and commodities ETFs.

The result: volatile digital assets become regulated, reportable holdings on brokerage statements, instantly easier

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