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BlackRock sees $3.6B Bitcoin-to-ETF conversions as investors seek security amid crypto volatility.

Market News
10 Nov 2026, 12:12 WIB
Crypto news
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Neutral
BlackRock sees $3.6B Bitcoin-to-ETF conversions as investors seek security amid crypto volatility.

BlackRock has reported approximately $3.6 billion in Bitcoin-to-iShares Bitcoin Trust (IBIT) conversions since the SEC authorized in-kind cryptocurrency ETF transactions in July 2025. This surge is driven by large Bitcoin holders prioritizing security and preferring regulated investment products over self-custody. Despite recent outflows from IBIT totaling over $1.6 billion since late October, demand for in-kind conversions remains strong, reflecting investors' desire to manage Bitcoin exposure more safely within brokerage accounts. The SEC's approval allows these conversions without preliminary cash sales, enhancing efficiency and investor peace of mind.

BlackRock's record $3.6 billion Bitcoin-to-IBIT conversions provide context for this report. For readers following cryptocurrency markets, here is Pluang's snapshot as of Nov 10, 2026 16:21 WIB: Out of 50 major cryptocurrencies priced on Pluang, 37 rose and 12 fell today. Notable movers include SXP (Solar) down 46.27% to Rp37 with a typical hold time of 94 days, ONE (Harmony) up 15.44% to Rp33 with 58% sell activity and a 153-day hold time, and BAL (Balancer) up 11.14% to Rp16,297 with an 85-day hold time.

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