$2.6 billion big escape behind, a covert battle over "who truly owns Bitcoin"


【Plain Language Guide】In 2013, Germany shipped gold back from the New York Federal Reserve; in 2026, Texas redeemed Bitcoin from BlackRock's IBIT and moved it into its own cold wallet. The same script is replaying in the digital age.
On one side, spot Bitcoin ETFs have seen net outflows of over $2.6 billion in two weeks, as shallow arbitrage funds withdraw due to interest rates and geopolitical risks; on the other side, institutions like Texas, Bit Digital, Strategy Inc., are transforming "paper Bitcoin" into on-chain physical control rights, using staking and permanent capital to build moats.
When Wall Street redeems, sovereignty and corporations are silently "moving gold bars." Whoever truly owns the assets holds the trump card for the next cycle.
For more details, see:
BTC-3.77%
IBIT-2.71%
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