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Bitcoin Whales Flock to BlackRock’s IBIT Amid Security Fears

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Bitcoin whales are rapidly converting their self-custodied holdings into shares of BlackRock’s iShares Bitcoin Trust (IBIT), driven by growing security concerns. Robbie Mitchnick, BlackRock’s head of digital assets, told Barron’s that demand for these in-kind conversions is at an all-time high…

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