BlackRock’s IBIT Surpasses $5B in Bitcoin Spot Conversions as Investors Shift from Self-Custody

BitcoinWorld BlackRock’s IBIT Surpasses $5B in Bitcoin Spot Conversions as Investors Shift from Self-Custody BlackRock’s spot Bitcoin ETF, IBIT, has processed more than $5 billion in conversions from direct Bitcoin holdings, according to a Bloomberg report.

This marks a sharp increase from the $3 billion recorded in October last year, signaling a growing trend among investors to move digital assets into regulated exchange-traded products.

Why Investors Are Moving From Self-Custody to ETFs The shift reflects several converging factors. Asset managers have significantly lowered minimum thresholds for spot conversions, making it easier for smaller holders to participate.

Additionally, investors are increasingly drawn to the reduced risks associated with self-custody, including hacking threats and the permanent loss of private keys.