Texas has appointed a five-member advisory committee to guide the state's Strategic Bitcoin Reserve, marking a significant step toward holding bitcoin directly rather than through exchange-traded funds. The shift from ETF exposure to self-custody signals a more assertive approach to state-level bitcoin ownership, giving Texas greater control over its holdings without reliance on third-party financial products. The committee will oversee the reserve's structure and transition strategy as the state moves to take direct possession of its bitcoin assets. Texas joins a growing number of US states exploring sovereign bitcoin reserves, though its emphasis on direct custody distinguishes it from approaches that rely on existing financial infrastructure to gain bitcoin exposure.
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