BlackRock Cuts Bitcoin ETF Swap Minimum to $1M as Whale Access Expands
BlackRock has lowered the minimum threshold for direct Bitcoin conversions into the iShares Bitcoin Trust ETF (IBIT) to $1 million, down from $25 million previously, according to Bloomberg. The change took effect in July and applies to eligible holders who want to transfer BTC into the ETF structure without first selling it for cash. This…
