PANews September 1 news: According to Bloomberg analyst Eric Balchunas, iShares Bitcoin Trust (IBIT) has about 2%–3% of its net inflows coming from investors moving their Bitcoin from self-custody to the BlackRock ETF. He said that if investors mainly value Bitcoin’s “inflation hedge / protection against currency devaluation” characteristics, then ETFs are becoming a more attractive way to hold it compared with self-custody wallets; while “die-hard” Bitcoin holders who care about its “censorship resistance” find it difficult to accept holding Bitcoin via ETFs. Balchunas believes that as IBIT’s overall subscription volume grows, the share of this self-custody migration may continue to increase in the future.