BlackRock’s Bitcoin ETF takes in $5B of holders’ coins amid kidnapping fears
BlackRock's Bitcoin ETF has absorbed $5 billion worth of coins from holders citing kidnapping fears, according to BeInCrypto. The report notes the swaps add no new money to Bitcoin, meaning the flows reflect a transfer of existing holdings rather than fresh demand. Traders should watch whether this in-kind migration into ETF custody continues, since it shifts coin ownership structure without changing supply.