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Investors shift Bitcoin to BlackRock spot ETFs amid security concerns and tax benefits

Market News
20 Oct 2026
Tokenpost
View Source
Bullish
Investors shift Bitcoin to BlackRock spot ETFs amid security concerns and tax benefits

Investors are moving their directly owned Bitcoin into spot ETFs, with BlackRock's fund receiving most of this inflow. This trend is driven by concerns over the security risks of self-custody, especially after hacking incidents involving hardware wallets. Additionally, transferring Bitcoin into spot ETFs does not trigger taxable events, making it an attractive option. This shift could influence how Bitcoin ownership is managed going forward, favoring institutional-style custody solutions.

Bitcoin custody shift is the topic, here is Pluang's market snapshot as of Oct 21, 2026 08:21 WIB: Out of 50 major cryptocurrencies priced, 44 rose and 5 fell today. Notable movers include COTI at Rp203 (+5.12%, 67% Sell / 33% Buy), SNX at Rp4.060 (+4.96%, 25% Sell / 75% Buy), and XTZ at Rp5.623 (+4.91%, 67% Sell / 33% Buy).

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