BlackRock attracts $5B as investors swap physical BTC for IBIT shares – Coldcard effect?
etf
BlackRock's IBIT drew roughly $5 billion as investors exchanged physical BTC for ETF shares, according to reports. Those in-kind creations removed spot BTC from private custody into an institutional vehicle, tightening available spot supply and increasing institutional exposure. The flows indicate a growing preference for regulated, liquid ETF access over self-custody, potentially reducing demand for hardware-cold-storage solutions and exerting upward pressure on Bitcoin's price. Longer-term sustained inflows could centralize custody and liquidity with regulated institutions.
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