BlackRock Cuts iShares Bitcoin Trust Swap Minimum From $25M to $1M
BlackRock made it easier for wealthy Bitcoin holders to move coins into its iShares Bitcoin Trust (IBIT) by cutting the minimum size for an in-kind conversion from $25 million to $1 million, a 96% reduction. BlackRock says IBIT has processed more than $5 billion in Bitcoin-to-ETF swaps, up from around $3 billion in October.