Increasing Trend of Large Bitcoin Holders Transitioning to ETFs

It has been reported that large holders of the cryptocurrency Bitcoin (BTC) are increasingly transitioning their holdings to ETFs. This was covered by Bloomberg on the 21st.

This shift follows the rule changes by the U.S. Securities and Exchange Commission (SEC) in July this year. By moving to ETFs, investors can maintain exposure to Bitcoin in a clearly regulated environment provided by major firms like BlackRock, without having to sell their Bitcoin holdings.

Exposure refers to

the portion of financial assets held by investors or institutions that are subject to price fluctuation risks or counterparty risks...