Bitcoin holders are starting to move their digital fortunes from the blockchain into Wall Street’s ecosystem. With the help of BlackRock and the other large asset managers, you can now change your Bitcoin into ETF shares.
Bitcoin holders can now maintain crypto exposure while gaining the convenience of traditional finance.
A New Way to Bring Bitcoin to Wall Street
A recent regulatory change has allowed large investors to execute an in-kind transaction. This means they can exchange their Bitcoin for shares of an ETF. No cash changes hands, and no taxable sale occurs. It’s a smooth, tax-neutral swap. It turns crypto into a tradable asset that traditional finance understands.
BLACKROCK DRAWS BITCOIN WHALES INTO WALL STREET
Big Bitcoin holders are shifting funds into Wall Street ETFs after July’s rule change allowing tax-free, in-kind Bitcoin transfers. BlackRock has converted over $3 billion so far, with Bitwise and Galaxy seeing rising demand. The…
— *Walter Bloomberg (@DeItaone) October 21, 2025
According to Bloomberg, BlackRock’s digital assets head, Robbie Mitchnick, said the firm has handled over $3 billion in conversions. Bitwise Asset Management and Galaxy Digital report that interest is growing. Investors are realizing how easy it is to move Bitcoin into the financial system without giving it up.
Why Bitcoin Holders Are Making the Move
Mitchnick explained that many large Bitcoin holders want easier management of their assets. They want their cryptocurrency to work alongside their stocks and bonds on wealth management platforms. Investors can use Bitcoin ETFs as collateral, borrow against them, or include them in estate plans.
2025 “has been a fairly positive year,” BlackRock head of digital assets Robbie Mitchnick says, adding: However, that Friday the 10th episode “shone a light, I think, on some of the challenging, maybe concerning dynamics in the space.” pic.twitter.com/v2oLGNj5uX
— Yahoo Finance (@YahooFinance) October 20, 2025
Bitwise president Teddy Fusaro shared a simple example. If you have $1 million in your wealth account but $5 million in Bitcoin, your advisor still treats you like a $1 million client. Once you move that Bitcoin into an ETF, you qualify for better services and benefits.
The Irony of It All
Even though Bitcoin’s creators designed it to escape traditional finance, TradFi is now pulling it back in. Bitcoin holders are choosing Wall Street’s convenience over ideology.
According to Bloomberg, major asset managers like BlackRock are encouraging large Bitcoin holders to move their coins into ETFs via in-kind transfers, bringing them into the Wall Street system. BlackRock’s head of digital assets, Robbie Mitchnick, said the firm has already…
— Wu Blockchain (@WuBlockchain) October 21, 2025
BlackRock’s move is changing how Bitcoin holders interact with their wealth. It is making life easier by making crypto a familiar financial product with ETFs. This action marks the final step towards Wall Street’s acknowledgment of Bitcoin.
Disclaimer
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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