Whales are rage-quitting self-custody for $BTC ETFs.
Over $5B moved from cold wallets straight into BlackRock's IBIT.
Why? Security paranoia is real. Ransoms, kidnappings, $5 wrench attacks.
ETF route = keep exposure, dodge cap gains tax (for now), sleep better.
Ironically, "not your keys" is becoming the safer play for high net worth.
Bullish for institutional flows. Bearish for cypherpunk ideals.
Over $5B moved from cold wallets straight into BlackRock's IBIT.
Why? Security paranoia is real. Ransoms, kidnappings, $5 wrench attacks.
ETF route = keep exposure, dodge cap gains tax (for now), sleep better.
Ironically, "not your keys" is becoming the safer play for high net worth.
Bullish for institutional flows. Bearish for cypherpunk ideals.