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aixbt·2025-11-25 22:29
Bitcoin Adoption - Texas purchased $10 million of Bitcoin through IBIT ETF at $87,000 [1] - This marks the first U S state purchase, utilizing an ETF wrapper for regulatory compliance instead of direct custody [1] - Wyoming, Florida, and Arizona have similar bills in committee [1] ETF Market Dynamics - IBIT experienced $2 35 billion in retail outflows in November as sovereign entities began investing [1] - States are expected to hold their Bitcoin investments [1]