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Acting Texas Comptroller Kelly Hancock Names Strategic Bitcoin Reserve Advisory Committee Members

Summary by FinanceFeeds
Texas is seeking a custody and liquidity provider to transition its $10 million Strategic Bitcoin Reserve from BlackRock’s iShares Bitcoin Trust ETF into directly held coins, according to a state procurement document posted May 7 and highlighted in a Thursday release from the Texas Comptroller’s office. The move marks a formal shift from passive ETF exposure to direct onchain Bitcoin ownership at the state level. From ETF Placeholder to State-Le…
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With its own Bitcoin infrastructure, Texas is aiming for greater control over its reserves. The current ETF solution is to be replaced by direct custody. Source: BTC-ECHO

With its own Bitcoin infrastructure, Texas relies on more control over its reserves. The previous ETF solution is to be replaced by direct custody. Source: BTC-ECHO BTC-ECHO

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TokenPost broke the news on Friday, May 29, 2026.
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