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Bloomberg: BlackRock is Drawing Bitcoin Whales Into Wall Street's System

By: theblockbeats.news|2025/10/21 12:45:54

BlockBeats News, October 21st, according to Bloomberg, large Bitcoin holders are now moving their wealth from the blockchain to Wall Street's balance sheets.

A new generation of ETFs is providing a way for crypto whales to integrate their digital wealth into the regulated financial system without selling Bitcoin, instead operating through funds run by major asset management companies like BlackRock Inc.

A regulatory change this summer opened the door for large investors: they can deliver Bitcoin to an ETF in exchange for shares of that fund. This is known as in-kind exchanging, commonly used in most ETFs but only approved for Bitcoin products in July of this year.

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