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via Cointelegraph · By Cointelegraph Staff

Texas Bitcoin Reserve to Shift From ETF to BTC Custody

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Cointelegraph Staff

(11:39 AM UTC)

1 min read

Reviewed byDavid Kim

1180 views

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Texas is seeking a custody and liquidity provider to help move its Strategic Bitcoin Reserve from BlackRock’s iShares Bitcoin Trust (IBIT) spot Bitcoin exchange-traded fund (ETF) into directly held coins, according to a state procurement document.

The move, posted May 7 and announced in a Thursday release from the Texas Comptroller’s office, would move Texas closer to directly held Bitcoin…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Cointelegraph Staff · Cointelegraph

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