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Large Bitcoin holders convert BTC into BlackRock's iShares Bitcoin Trust ETF shares for security and peace of mind

Market News
11 Nov 2026, 11:09 WIB
Tokenpost
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Bullish
Large Bitcoin holders convert BTC into BlackRock's iShares Bitcoin Trust ETF shares for security and peace of mind

Major Bitcoin holders are increasingly moving their self-custodied Bitcoin into shares of BlackRock's iShares Bitcoin Trust ETF (IBIT) through in-kind contributions. This method allows them to exchange Bitcoin for ETF shares without selling on the market, enhancing security and peace of mind. According to Robbie Mitchnick, BlackRock's digital assets head, demand for these conversions is at its highest level yet, reflecting growing trust in the ETF as a secure investment vehicle. This trend may influence how large holders manage Bitcoin exposure going forward.

BlackRock's record demand to convert Bitcoin into IBIT shares provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's market snapshot as of Nov 11, 2026 15:01 WIB: Of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. Notable movers include UNI (Uniswap) at Rp116.388 with a -8.94% change and a typical hold time of 66 days, EOS (EOS.IO) at Rp12.649 with an 8.13% increase and a typical hold time of 87 days, and BAT (Basic Attention Token) at Rp2.219 with a -5.11% change and 100% buy order activity.

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