BlackRock lowers minimum in-kind Bitcoin swap into IBIT to $1M as conversions top $5B

AI Market Summary

BlackRock lowering the minimum size for in-kind BTC-to-IBIT swaps from $25M to $1M broadens access for a wider set of institutions and authorized participants, improving ETF operational flexibility and potentially reducing friction costs. With in-kind conversions already surpassing $5B, the change signals strong ETF plumbing and sustained demand channels, supporting near-term crypto market liquidity and participation.

Impact level

● High

Affected assets

BTC/USDT-0.57%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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BlackRock has reduced the minimum amount of Bitcoin required for direct in-kind swaps into its iShares Bitcoin Trust (IBIT) to $1 million, down from $25 million. The move comes as in-kind BTC-to-ETF conversions have accelerated, with the cumulative total now exceeding $5 billion.

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