Texas is moving to swap its temporary $10 million BlackRock IBIT position for direct Bitcoin custody, a clear sign the state wants the asset itself, not a paper proxy. $10 million currently sits in BlackRock’s iShares Bitcoin Trust (IBIT) Direct Bitcoin custody is the goal, not ETF exposure Custody, liquidity, and reporting will be outsourced […]
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Texas is moving from ETF exposure to direct Bitcoin custody, and that puts the state ahead of Washington’s slow-roll reserve politics. Texas names five-member Strategic Bitcoin Reserve Advisory Committee State eyes direct BTC custody, not just IBIT exposure Custodian search covers security, liquidity, and asset management Federal Bitcoin reserve plans remain bogged down in legal […]
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Texas Bets Big: Strategic Bitcoin Reserve Now Law in the Lone Star State Texas has just thrown its hat into the cryptocurrency ring, signing a strategic Bitcoin reserve into law and positioning itself as a trailblazer in state-level digital asset adoption. Under Governor Gregg Abbott’s signature, the state joins a select few daring to treat […]
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Texas Bets Big on Bitcoin: New Law Shields Potential State Reserve Texas Governor Greg Abbott has signed a groundbreaking bill that protects a potential state Bitcoin reserve from being dismantled, marking a significant step toward integrating cryptocurrency into public finance. With another pivotal bill awaiting his decision, Texas could soon become a trailblazer in state-level […]
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