BlackRock’s iShares Bitcoin Trust (IBIT) has received more than $5 billion in existing Bitcoin from holders seeking custody through the ETF amid fears of kidnappings and other attacks. BlackRock digital-assets head Robbie Mitchnick told Bloomberg the trend will grow, citing kidnappings, ransom and custody failures, according to BeInCrypto. The coin swaps do not add new money to Bitcoin, as ETF purchases occur when investors bring cash. Chainalysis counted 46 violent attacks on crypto holders by late June, up from 40 a year earlier, with about half involving kidnappings. U.S. spot Bitcoin ETFs had $25.6 billion in inflows this year but paid out $26.1 billion through November 5.