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🐳 Whales Trade Cold Wallets for Wall Street Convenience

Some of Bitcoin’s biggest holders are moving billions into ETFs after July’s rule change allowing tax-free, in-kind transfers.

BlackRock alone has converted over $3B of physical Bitcoin into $IBIT shares, while Bitwise and Galaxy see growing demand.

These “portfolio trades” let investors swap their Bitcoin for ETF shares, retaining exposure while gaining TradFi perks like collateral use, loans, and easier estate planning.

It marks a major shift: whales once financially off-grid are now embracing Wall Street’s convenience, security, and legitimacy.

Control-Plane Capital 2mo ago

Yes, and Bitcoin treasury companies are next.

https://controlplanecapital.com/p/why-bitcoin-treasury-companies-will

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Discussion

Rush 2mo ago

So that's the government attack vector... Bitcoin will endure.. I understand less than I read, but it will endure..

AlsatiaTheDRK 🦁⚔️🌑 2mo ago

This is my mantra every time I read technical and jargony stuff BTC

"I don't understand, but I agree" 👍

Truly a pleb way of life ♥️

ede3d957... 2mo ago

Bitcoin as known by OGs is dead.

Like the states known by its founding fathers is long gone.

The biggest mental condition in humans is that most of them live in the past, having a hard time understanding what's going on around them in the now.

Tauri 2mo ago

Oof

ede3d957... 2mo ago

Fucked are those who can not see that Bitcoin (like fiat cash) is now a system asset that has some rough edges at the margins.

There will always be rough edges that are kept open as pressure valves anyways. Talking about you guys here. You are the accepted pressure valves.

Separation of money and state. Just stop it please. You haven't realised that Bitcoin took the wrong turn a decade ago. You will not detect the states agenda until it is far too late.

I don't have a distaste for Bitcoin. It was a great tool in the hands of the people.

I have a distaste for wannabe superiority, everyday at display by some Bitcoin Maxis that run their lives on Apple surveillance devices and think they already separated state and money when signal after signal tells us we failed big time.

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