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TechFlow news, October 22 — Bloomberg senior ETF analyst Eric Balchunas posted on X that some Bitcoin whales, having recognized the advantages of TradFi, have begun converting physical Bitcoin into ETFs to profit. It is reported that BlackRock's Bitcoin exchange-traded fund IBIT has already executed around $3 billion worth of such customized transactions, known as portfolio trades, which are popular in the bond market.
Bloomberg senior ETF analyst Eric Balchunas posted on X, stating that some Bitcoin whales, having recognized the advantages of TradFi, have begun converting physical Bitcoin into ETFs to profit. It is reported that BlackRock's Bitcoin exchange-traded fund IBIT has already executed approximately $3 billion in such customized transactions, known as portfolio trades, which are popular in the bond market.
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