Analyst: Some Bitcoin whales are converting physical BTC into ETFs, with IBIT executing approximately $3 billion in transactions
ChainCatcher news, some Bitcoin whales have started to exchange physical Bitcoin for ETFs after discovering the advantages of TradFi for profit. It is reported that BlackRock's Bitcoin exchange-traded fund IBIT has executed approximately $3 billion in such customized trades, which are known as portfolio trades and are popular in the bond market.
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