Around 2% to 3% of inflows into BlackRock’s iShares Bitcoin Trust (IBIT) are coming from investors moving Bitcoin from self-custody into the spot ETF, Bloomberg analyst Eric Balchunas said.
Balchunas said investors focused on Bitcoin’s inflation-resistance and currency-debasement-resistance features may increasingly view ETFs as a more attractive holding vehicle than self-custody wallets. He added that Bitcoin holders who prioritize censorship resistance remain less willing to hold the asset through an ETF, but said the share of self-custody migration could rise as IBIT’s overall subscription scale expands.
BlackRock’s IBIT Sees 2%-3% of Inflows From Self-Custody Bitcoin Migration
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.