Texas Bitcoin reserve plans shift from ETF to direct BTC custody
Hex37's read
- Texas plans to move $10M in BTC from BlackRock's IBIT ETF.
- The state is seeking a crypto custodian for direct BTC custody.
- Texas aims to build state-level Bitcoin infrastructure.
What it means for traders
- Direct BTC custody by a state could signal increased confidence and adoption.
- This move might reduce reliance on traditional financial intermediaries for state assets.
Affected markets
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