BlackRock cuts Bitcoin ETF in-kind threshold to $1 million, enabling tax-free conversions starting today
BlackRock cut the in-kind creation threshold for its iShares Bitcoin Trust ETF (IBIT) to $1 million, meaning Bitcoin holders with at least $1 million can now convert BTC to IBIT without incurring capital gains tax, effective starting today. Separately, BlackRock added another $86.3 million worth of Bitcoin (1,340 BTC) moved from Coinbase Prime to IBIT.
Detected & updated continuously · Source: Nebula
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@AltcoinDaily
BREAKING: BlackRock cuts Bitcoin ETF in-kind threshold to $1 million. MEANING: Bitcoin holders (with at least $1M) can now convert $BTC to $IBIT incurring no capital gains tax starting today. https://t.co/lpGELD8Lgk
@CryptoNewsHntrs
🚨 BLACKROCK JUST ADDED ANOTHER $86.3M WORTH OF BITCOIN. 1,340 BTC MOVED FROM COINBASE PRIME TO BLACKROCK’S IBIT. https://t.co/kqEaFHBwyh