Crypto.news reports that BlackRock has seen $3.6 billion in Bitcoin-to-IBIT conversions, driven by increased demand from whales concerned about security. This surge comes despite ongoing outflows from its spot Bitcoin ETF, indicating a complex market response to current conditions.
Based on the crypto.news report; not independently verified.
Source published: Tue, 10 Nov 2026 10:11:59 +0000
[Read the original report](https://crypto.news/blackrock-bitcoin-whales-ibit-conversions-security/)
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