Wu Blockchain (@WuBlockchain): According to Bloomberg, major asset managers like BlackRock are encouraging large Bitcoin holders to move their coins into ETFs via in-kind transfers,…
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According to Bloomberg, major asset managers like BlackRock are encouraging large Bitcoin holders to move their coins into ETFs via in-kind transfers, bringing them into the Wall Street system. BlackRock’s head of digital assets, Robbie Mitchnick, said the firm has already facilitated over $3 billion in Bitcoin conversions to ETF shares. https://t.co/389P8POnDm