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‘Another nail in the coffin’ of original crypto spirit: Whales ditch self-custody for ETFs

Wealthy Bitcoin holders are moving billions into ETFs like BlackRock’s IBIT as tax benefits and SEC rule changes drive a shift away from self-custody.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

‘Another nail in the coffin’ of original crypto spirit: Whales ditch self-custody for ETFs

Wealthy Bitcoin holders are moving billions into ETFs like BlackRock’s IBIT as tax benefits and SEC rule changes drive a shift away from self-custody.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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