2 sourcesTracking since 11 Aug, 07:30
Blackrock Cuts IBIT Bitcoin Conversion Minimum From $25M to $1M
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First seen11 Aug, 07:30Blackrock Cuts IBIT Bitcoin Conversion Minimum From $25M to $1M
Blackrock has slashed the in-kind conversion minimum on its iShares Bitcoin Trust (IBIT) to $1 million, a 96% cut from the prior $25 million threshold, opening the fund’s redemption mechanism to a far wider pool of investors. Mitchnick Confirms the Change Robbie Mitchnick, Blackrock’s head of digital assets, disclosed the change during a Bloomberg Television […]
Bitcoin.com News•Shiraz Jagati
Latest11 Aug, 21:30BlackRock Cuts IBIT In-Kind Conversion Minimum To $1M
BlackRock has reduced the in-kind conversion minimum for its iShares Bitcoin Trust from $25 million to $1 million, potentially making the mechanism available to a wider group of institutional participants.
NewsBTC•NewsBTC Editorial Team