BLACKROCK DRAWS BITCOIN WHALES INTO WALL STREET
Big Bitcoin holders are shifting funds into Wall Street ETFs after July’s rule change allowing tax-free, in-kind Bitcoin transfers. BlackRock has converted over $3 billion so far, with Bitwise and Galaxy seeing rising demand. The move lets investors hold Bitcoin through traditional brokerage accounts—enabling loans, collateral use, and estate planning. Many are drawn by the security, convenience, and legitimacy of the financial system, even as it brings Bitcoin’s biggest players back into traditional finance.The copyright of this article belongs to the original author/organization.
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