Bitcoin whales execute $3B ETF trades with BlackRock for portfolio benefits
Crypto Briefing
Bitcoin whales utilized BlackRock's spot Bitcoin ETF to execute $3 billion in trades via in-kind creation mechanisms.Summary
Bitcoin whales executed approximately $3 billion in trades through BlackRock's spot Bitcoin ETF ($IBIT) by leveraging custom in-kind creation mechanisms. This process allows large holders to directly convert their Bitcoin holdings into ETF shares, mirroring portfolio trades common in bond markets, rather than using cash transactions. These custom ETF creation methods offer significant advantages to whales, including enhanced liquidity and tax efficiencies, as institutional investors increasingly seek regulated exposure to digital assets through traditional finance structures.
(Source：Crypto Briefing)