[Texas Takes a Key Step in Crypto Reserves, Allocates $5 Million to BlackRock Bitcoin Spot ETF] BlockBeats News, November 26, as reported by Coindesk, Texas has taken a critical step in building state-level crypto reserves. According to officials, the state has invested $5 million in BlackRock's Bitcoin ETF, even though the Texas Strategic Bitcoin Reserve Plan is still under preparation. Recently, the state solicited industry opinions on compliance plans for establishing Bitcoin reserves and allocated $10 million through legislation earlier this year. After completing the final procedural steps, Texas is expected to become the first U.S. state government to seriously initiate long-term crypto asset investments. A spokesperson for the State Auditor's Office confirmed on Tuesday that, as a transitional measure before establishing a custody contract, $5 million has already been allocated to BlackRock's iShares Bitcoin Trust.