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Texas Plans to Move $10 Million Bitcoin Reserve From BlackRock ETF to Direct BTC Custody

2026-05-29 12:08:00

Story Highlights* Texas plans to move its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into directly held Bitcoin.

Texas wants the transition from ETF holdings to direct BTC ownership completed within 60 days of contract approval.
The state is seeking a custody and liquidity provider to acquire, manage, and securely store Bitcoin on behalf of Texas.

BTC0.14%

IBIT-1.98%

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