As Bitcoin (BTC) Price Declines, Whales’ Preferences Are Changing! BlackRock Reveals!
Bitcoin (BTC) has been trading around $74,000, with outflows from spot ETFs. BlackRock's Robbie Mitchnick noted record demand to convert Bitcoin into shares of the iShares Bitcoin Trust (IBIT) ETF, totaling $3.6 billion. Investors prefer institutional custody for security, and BlackRock lowered the minimum transaction threshold for conversions.






