News
Significance:
6/10

‘Another nail in the coffin’ of original crypto spirit: Whales ditch self-custody for ETFs

https://cointelegraph.com/news/bitcoin-whales-shift-to-etfs-tax-advantages

Amin Haqshanas

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bullish
Increased institutional adoption through ETFs is seen as positive for Bitcoin's price and mainstream acceptance.
Bullish
BlackRock's IBIT ETF is leading the shift with $3 billion in whale conversions, indicating strong institutional interest.
Bearish
SEC rule changes are seen as undermining the original crypto spirit of self-custody.