{"id":90173,"date":"2025-10-22T21:13:03","date_gmt":"2025-10-22T18:13:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90173"},"modified":"2025-10-22T21:15:36","modified_gmt":"2025-10-22T18:15:36","slug":"expert-declares-the-end-of-self-custody-era-for-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/expert-declares-the-end-of-self-custody-era-for-bitcoin\/","title":{"rendered":"Expert Declares the End of Self-Custody Era for Bitcoin"},"content":{"rendered":"<p>The era of self-custody for cryptocurrencies is nearing its end as major players increasingly favour <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a>, according to Martin Hiesboeck, head of blockchain research at Uphold.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The real reason for all the whale movements out of self-custody is simple: taxes. <\/p>\n<p>We are witnessing the first decline in self-custodied Bitcoin in 15 years.<\/p>\n<p>BlackRock&#8217;s iShares spot Bitcoin ETF (IBIT) has facilitated over $3 billion worth of Bitcoin conversions from whales.\u2026 <a href=\"https:\/\/t.co\/yepXRbLozM\">pic.twitter.com\/yepXRbLozM<\/a><\/p>\n<p>\u2014 Dr Martin Hiesboeck (@MHiesboeck) <a href=\"https:\/\/twitter.com\/MHiesboeck\/status\/1980887753106608423?ref_src=twsrc%5Etfw\">October 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Tax incentives, improved institutional infrastructure, and the ability to manage capital through advisors while accessing a broader range of services are driving the shift back to traditional financial instruments, the expert believes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are witnessing the first decline in self-custodied Bitcoin in 15 years,\u201d he added.<\/p>\n<\/blockquote>\n<p>According to Hiesboeck&#8217;s calculations, BlackRock&#8217;s IBIT fund has enabled whales to convert over $3 billion worth of the leading cryptocurrency. In total, American issuers have absorbed coins valued at $151 billion\u2014about 6.8% of the supply.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"317\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-96613b069b1ac4f7-7547687049339853-1024x317.png\" alt=\"{C2DF7D49-AC03-4C4F-B8F1-55E759F51F26}\" class=\"wp-image-268032\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-96613b069b1ac4f7-7547687049339853-1024x317.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-96613b069b1ac4f7-7547687049339853-300x93.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-96613b069b1ac4f7-7547687049339853-768x238.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-96613b069b1ac4f7-7547687049339853-1536x476.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-96613b069b1ac4f7-7547687049339853.png 1833w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" title=\"\">SoSoValue<\/a>. <\/figcaption><\/figure>\n<p>Recent <a href=\"https:\/\/forklog.com\/en\/news\/sec-simplifies-listing-procedure-for-crypto-etfs\">regulatory changes<\/a> by the U.S. Securities and Exchange Commission, allowing for the redemption of cryptocurrency ETFs in kind, have also accelerated the transition.<\/p>\n<p>This innovation permits authorised participants to directly exchange cryptocurrency for fund shares, which is more efficient and potentially more tax-advantageous than cash redemption.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe trend indicates a deeper integration of Bitcoin into the traditional financial system and a move away from the self-custody mantra\u2014&#8217;not your keys, not your coins.&#8217; Another nail in the coffin of the original cryptocurrency idea,\u201d Hiesboeck emphasised.<\/p>\n<\/blockquote>\n<p>Additionally, the development of cryptocurrency trading tools is accelerating in other major jurisdictions such as the EU, the UK, and Australia.<\/p>\n<p>In October, the Hong Kong Securities and Futures Commission <a href=\"https:\/\/forklog.com\/en\/news\/asia-approves-first-spot-etf-for-solana\">approved<\/a> the region&#8217;s first spot ETF based on Solana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The era of self-custody for cryptocurrencies is nearing its end as major players increasingly favour ETFs.<\/p>\n","protected":false},"author":1,"featured_media":90174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The era of self-custody for cryptocurrencies is nearing its end.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,1157],"class_list":["post-90173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-storage"],"aioseo_notices":[],"amp_enabled":true,"views":"156","promo_type":"1","layout_type":"1","short_excerpt":"The era of self-custody for cryptocurrencies is nearing its end.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90173"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90173\/revisions"}],"predecessor-version":[{"id":90175,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90173\/revisions\/90175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90174"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}