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Analyst: Some Bitcoin whales are converting physical BTC into ETFs, and IBIT has executed transactions worth approximately $3 billion.
ChainCatcher news, some Bitcoin Whales have begun to exchange physical Bitcoin for ETFs after discovering the advantages of TradFi for profit. It is reported that BlackRock's Bitcoin Exchange Traded Fund IBIT has executed approximately $3 billion in such customized trades, which are known as portfolio trades and are popular in the bond sector.