Texas shifts Strategic Bitcoin Reserve from ETF to direct custody
Texas is transitioning its Strategic Bitcoin Reserve from an ETF to direct custody of Bitcoin. The state has issued a Request for Proposal to find a custodian for this transition, which is expected to begin in August 2026. This move marks Texas as the first U.S. state to allocate public funds specifically for a strategic Bitcoin reserve.
- ▪Texas is moving its Strategic Bitcoin Reserve from BlackRock’s iShares Bitcoin Trust ETF to directly held Bitcoin.
- ▪The state allocated $10 million for its Strategic Bitcoin Reserve through Senate Bill 21, signed by Governor Greg Abbott.
- ▪A five-member Strategic Bitcoin Reserve Advisory Committee has been established to oversee risk policies and custody standards.
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Texas shifts Strategic Bitcoin Reserve from ETF to direct custody The Lone Star State is ditching BlackRock's IBIT for direct on-chain Bitcoin ownership, hiring a custodian to build full state-level crypto infrastructure. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Texas is moving its Strategic Bitcoin Reserve off the shelf and into a vault.
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