NewsHK
BlackRock has lowered the minimum size for in-kind Bitcoin conversions into its iShares Bitcoin Trust (IBIT) from $25 million to $1 million, a 96% reduction that broadens access for large holders and institutions.
The asset manager did not change the price for retail investors purchasing IBIT shares through brokerage accounts, nor does the move signal a specific price forecast for Bitcoin (BTC).
Robbie Mitchnick, BlackRock's Head of Digital Assets, stated that IBIT has processed more than $5 billion in Bitcoin-to-ETF swaps, up from approximately $3 billion in October.
These figures represent existing Bitcoin being transferred into the ETF structure rather than new capital entering the market.
Keep reading