TechFlow News, May 29: According to a Cointelegraph report, the Texas Comptroller’s Office has issued a request for proposals (RFP) to shift its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT spot ETF to directly custodied bitcoin. The selected vendor must complete the transition of IBIT holdings to directly custodied bitcoin within 60 days of contract execution and will be responsible for purchasing, holding, managing, and reporting on the state’s bitcoin and other qualified crypto assets. Additionally, the vendor must develop a public website to disclose reserve holdings. Furthermore, the Texas Strategic Bitcoin Reserve Advisory Committee has been formally established to provide recommendations on custody arrangements, risk management, and investment strategy.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
