BlackRock cuts minimum for in-kind Bitcoin-to-IBIT conversions to $1M

BlackRock reduced the minimum size for converting Bitcoin directly into IBIT ETF shares from $25 million to $1 million, with more than $5 billion already flowing into IBIT through in-kind conversions. Bloomberg reported Wall Street is lowering barriers for large BTC holders to convert holdings into ETF shares via in-kind creation.

Detected & updated continuously · Source: Nebula

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