Texas Bitcoin reserve plans $10M shift from IBIT to BTC custody
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Texas will transfer its strategic Bitcoin Reserve out of BlackRock's IBIT ETF to a direct on-chain guard. The state published an official call for tenders on May 7 to recruit an institutional depository capable of executing this switchover in 60 days. Read more Texas abandons the BlackRock ETF to regain direct control of its bitcoins appeared first on Cointribune.
Texas Deepens Bitcoin Reserve Push With Advisory Committee And Custody Proposal Request
Texas names five-member Strategic Bitcoin Reserve Advisory Committee. State seeks qualified custodian for direct Bitcoin holdings transition. Experts from finance, law, and Bitcoin mining join reserve initiative. From becoming one of the first few US states to sign a Strategic Bitcoin Reserve into law, Texas is advancing its digital asset dynamics by forming a Bitcoin Reserve Advisory Committee and moving its stash from an ETF to a full-blown BT…
Texas shifts $10 million BTC ETF to direct custody in 60 days
🚨 Texas will transfer $10 million in $BTC from ETF to direct control within 60 days. This marks a big step away from third-party ETF structures to state custody. 🧩 Critical data: Firms have until June 15 to bid for the custody mandate. Continue Reading: Texas shifts $10 million BTC ETF to direct cus...
Comptroller shifts 10 million reserve to direct Bitcoin custody - The Cryptocurrency Post
On May 29, 2026, the Texas Comptroller of Public Accounts initiated an administrative process to hire an institutional cryptocurrency custody and liquidity provider. The objective is to shift a 10 million dollar reserve allocated to Bitcoin, currently held through BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund, to direct onchain coin ownership. The operational details and technical requirements for this transition were published o…
Texas Appoints Advisory Committee for Strategic Bitcoin Reserve Initiative
Texas is taking another major step in its state-backed Bitcoin strategy by appointing a five-member advisory committee to oversee the newly established Texas Strategic Bitcoin Reserve. The announcement was made by acting Texas Comptroller Kelly Hancock, who emphasized the importance of transparency, security, and strong financial management in administering the reserve. According to Hancock, the advisory committee will provide expert guidance on…
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