In brief

  • Large Bitcoin holders swapped more than $5 billion worth of coins for shares in BlackRock’s fund.

  • BlackRock’s crypto head says kidnappings and custody failures are driving this initiative.

  • Swaps bring in no new money, and U.S. Bitcoin ETFs are negative for 2026.

Read the original article, BlackRock’s Bitcoin ETF Receives $5 Billion in Coins as Kidnapping Fears Grow, by Lockridge Okoth on fr.beincrypto.com

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