Bitcoin Whales Shifting Assets into ETFs via In-Kind Transfers, Accessing Traditional Finance

Large Bitcoin holders are increasingly converting their assets into exchange-traded funds (ETFs) using a method known as in-kind transfers. This process allows them to move Bitcoin directly to ETF shares without triggering taxable events, as confirmed by BlackRock’s facilitation of over $3 billion in such conversions. This trend follows regulatory approval for these in-kind transactions specifically for Bitcoin ETFs introduced earlier this year. 📈