Bitcoin whales are moving: BlackRock brings crypto into the traditional financial house!

Bitcoin whales are moving: BlackRock brings crypto into the traditional financial house!

We are experiencing significant change in the world of cryptocurrencies. Today, October 22, 2025, several specialist media are reporting on the development that Bitcoin (BTC) whales are shifting their portfolios from on-chain wallets to classic financial structures. This happens primarily through the use of exchange-traded funds (ETFs) from asset managers such as BlackRock. This movement could have far-reaching implications for the integration of digital assets into the traditional financial market.

Larger Bitcoin investors are increasingly choosing to move their holdings into regulated investment products without liquidating their assets. This is made possible by exchanging Bitcoin for ETF shares, allowing investors to continue holding their Bitcoin positions while being integrated into the regulated financial system. BlackRock's head of digital assets, Robbie Mitchnick, announced that more than $3 billion has been converted into the iShares Spot Bitcoin ETF (IBIT).

Convergence of digital and traditional financial assets

This trend shows a clear convergence between digital assets and conventional financial management. Many large Bitcoin investors are looking for safe and regulated investment vehicles. The proportion of holdings shifted varies: While some investors shift around 20% of their holdings into ETFs, others aim for a complete transfer to traditional financial structures.

ETF shares can be held in brokerage accounts, used to borrow money, or used as collateral. This opens up new opportunities for investors seeking higher service levels on an asset management platform. Charles Fusaro, President of Bitwise, emphasizes the benefits for investors from this transition.

Regulation and commercialization of Bitcoin

A rule change by the US SEC plays a crucial role in this development, which has enabled in-kind creations and redemptions for crypto ETFs. These changes improve transaction efficiency and provide tax benefits for those involved. While Bitcoin's total value is currently around $108,500 and up 0.2% in the last 24 hours, BlackRock's iShares Bitcoin ETF (IBIT) is the company's most profitable product. Within 400 days of trading, this ETF has accumulated nearly $100 billion in assets under management and generates $245 million in annual revenue.

The shift of Bitcoin holdings into ETFs could not only mark a new trend among investors, but also lay the foundation for increased synchronization between digital and traditional financial markets.

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