ETF Issuers Now Let Bitcoin Whales Swap Self-Custody Holdings for ETF Shares

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Major ETF issuers are making it simpler for large bitcoin holders, commonly known as whales, to exchange their self-custodied bitcoin for ETF shares. This development lowers a key barrier that previously made such conversions difficult for high-net-worth investors. The move reflects growing institutional appetite for regulated bitcoin investment vehicles over direct asset custody. By offering this pathway, Wall Street firms are positioning ETFs as a more accessible and compliant alternative to self-custody for large-scale investors.

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