Bitcoin is moving from long-term holders into new addresses managed by ETFs

[BTCETFInvestor]

Bitcoin is moving from long-term holders into new addresses managed by ETFs

Bitcoin ETFs, first approved by the SEC in January 2024 after more than a decade of denials, allow investors to gain exposure to BTC without the need to buy, hold, and store Bitcoin directly, avoiding the complexity of crypto exchanges and wallets. BlackRock's Bitcoin ETF alone now holds over $83 billion in assets under management.

https://finance.yahoo.com/news/bitcoin-etf-flows-save-btc-162652497.html

[Sticky Bomb]

Bitcoin is moving from long-term holders into new addresses managed by ETFs

Bitcoin ETFs, first approved by the SEC in January 2024 after more than a decade of denials, allow investors to gain exposure to BTC without the need to buy, hold, and store Bitcoin directly, avoiding the complexity of crypto exchanges and wallets. BlackRock's Bitcoin ETF alone now holds over $83 billion in assets under management.

https://finance.yahoo.com/news/bitcoin-etf-flows-save-btc-162652497.html

No. Bitcoin isn't deviating from it's core principles of self custody. Regardless that centralization is gradually dominating in Bitcoin acquisition recently, Nothing beats being in charge of your own coins.

This however is a case of people who are not interested in being responsible for the full security of their Bitcoin, they buy shares of crypto portfolio managed by those ETF providers.

This isn't the main idea of Bitcoin. Bitcoin was created for decentralization and self custody and those entrusting theirs to centralized schemes risk losing their coins if the ETF platforms should collapse.

[Aanuoluwatofunmi]

Whatsoever action this may be, i know that it cant be a threat to the market demand or supply, the price may fluctuate to an extent as always been volatile, but the end result will also be in favour of some buying or selling depending on how the market reacts, lastly, this does not also render the market to being centralized, we are not seeing it for the first time, that the whales are moving their asset after a long time into another wallet.

[moneystery]

For those who simply want to profit from bitcoin's rising price, they might choose to invest their money in ETFs, as they don't have to worry about managing their own investments.
However, those who understand the importance of self-custody will not sacrifice their bitcoin ownership to a third party who can fully control their assets, since third parties like ETFs or exchanges are merely intermediaries who ultimately retain full control of the assets-- they have full control over the assets, and users merely have a claim on the price without actually owning the bitcoin itself.

Just remember “not your keys, not your coins”, if the private key is not in your hands, then the bitcoin is not actually yours.

[Fiatless]

Bitcoin is moving from long-term holders into new addresses managed by ETFs

Bitcoin ETFs, first approved by the SEC in January 2024 after more than a decade of denials, allow investors to gain exposure to BTC without the need to buy, hold, and store Bitcoin directly, avoiding the complexity of crypto exchanges and wallets. BlackRock's Bitcoin ETF alone now holds over $83 billion in assets under management.

https://finance.yahoo.com/news/bitcoin-etf-flows-save-btc-162652497.html

There is nothing to discuss here. If a long term hodler decides to move his coins to a centralised platform, that's his choice. Maybe he decides to sell his coins to an ETF provider or convert it into shares. It's no big deal.

[BIT-BENDER]

Whatsoever action this may be, i know that it cant be a threat to the market demand or supply, the price may fluctuate to an extent as always been volatile, but the end result will also be in favour of some buying or selling depending on how the market reacts, lastly, this does not also render the market to being centralized, we are not seeing it for the first time, that the whales are moving their asset after a long time into another wallet.

Alot of time rumours like this has always surfaced and claim to threatening the decentralised nature of Bitcoin but every time Bitcoin doesn't get centralised.
I have always try to start in crypto-currency avoiding FUD and FOMO because this is part of the reason people make the worst decision under panic mode.

[Ambatman]

I doubt they are conveying their Bitcoin into ETF shares because many that use ETF do such for convenience
I see no reason why some that has been undertaking self custody will switch to One that would cost them fees per annum.

I believe the Bitcoins might have been sold to the ETF, which is considered OTC to reduce the impact in the market.

[Z-tight]

If what CryptoQuant blockchain analyst says is true and that some long term investors are moving their BTC's to etf addresses, i do not think it implies that it is happening in large numbers. I also don't think it is worth discussing what a few long term holders do with their coins, it is their keys and their coins.

Just remember “not your keys, not your coins”, if the private key is not in your hands, then the bitcoin is not actually yours.

Yeah, but most institutional investors will choose to invest in BTC through etf's for obvious reasons. I am actually more worried about retail investors who store their BTC's in centralized exchanges.

[buwaytress]

Hey, rich people can do what they want. Here's to us being on the right side of custody once an ETF or two does something really dumb (or naughty) with them coins. What else are we pleb holders going to do, can't sit around feeling sour about rich holders, no?

[KiaKia]

Whatsoever action this may be, i know that it cant be a threat to the market demand or supply, the price may fluctuate to an extent as always been volatile, but the end result will also be in favour of some buying or selling depending on how the market reacts, lastly, this does not also render the market to being centralized, we are not seeing it for the first time, that the whales are moving their asset after a long time into another wallet.

Manipulation at it's peak, just like how millions of dollars are liquidated today even after a good news was announced, that's because there was a long on futures that worths millions and a massive dump happened out of nowhere.

Crypto market is in trouble, centralisation is taking over everything, they can now manipulate the price action on charts, I don't know how this is any good for Bitcoin, I think Nakamoto never had this in mind.

That the government can come together and buy massive amount of Bitcoin, significant enough to shake the whole Bitcoin price action, this is insanely not good.

[Ambatman]

Hey, rich people can do what they want. Here's to us being on the right side of custody once an ETF or two does something really dumb (or naughty) with them coins. What else are we pleb holders going to do, can't sit around feeling sour about rich holders, no?

Highly doubt it. The way the regulations are strict on ETFs, If lapses or gaps are going to take place
It's going to be through the custodian they are using
Which usually is Coinbase.

 

That the government can come together and buy massive amount of Bitcoin, significant enough to shake the whole Bitcoin price action, this is insanely not good.

They are not really United hence highly unlikely.
And also as long as there are demands and supply there would always be a price
Bitcoin exist in an environment hence usually affected by geopolitical changes since that usually affect investors sentiments.

[red4slash]

Ultimately, it comes down to individual choice because, after all, all control lies with the investors themselves. Those of us who still consider bitcoin a part of ourselves and continue to hold on to it have made that decision, while those who have moved it to a centralized entity such as an ETF have also made their decision. No one can interfere with that because all the risks are in their own hands and nothing has changed or will have a significant impact on bitcoin.

Those seeking instant profits may opt for ETFs, but on the other hand, many people still hold onto their Bitcoin for privacy reasons. I firmly believe in this approach because, as the one making the investment, I retain significant control over it.

[Sanitough]

They probably think putting their bitcoin into an ETF is safer than holding it themselves. Can’t really blame them as institutions are good at managing risk. But I don’t think it has a huge impact on the market yet, since not everyone fully trusts ETFs. Still, it’s not surprising that over time these institutional investors will end up dominating the space.