Bitcoin Magazine reports that BlackRock's Robbie Mitchnick stated that demand for IBIT shares is increasing among Bitcoin whales. The primary motivation is heightened security concerns, as incidents of kidnappings and hacks are on the rise. Mitchnick noted that the desire to exchange directly held Bitcoin for IBIT shares is at its highest level yet, driven by a need for "security and peace of mind."
Based on the Bitcoin Magazine report; not independently verified.
Source published: Mon, 09 Nov 2026 16:30:00 +0000
[Read the original report](https://bitcoinmagazine.com/news/blackrock-bitcoin-whales-self-custody-ibit)
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