BlackRock Reportedly Slashes Bitcoin ETF Swap Minimum to $1 Million, Opening Door for Smaller Whales
BlackRock has reportedly cut the minimum size for in-kind swap transactions in its iShares Bitcoin Trust (IBIT) from $5 million to $1 million, according to a report on Wednesday. The move lowers the barrier for bitcoin whales — large holders of the cryptocurrency — to exchange their self-custodied bitcoin directly for ETF shares, a process that could deepen liquidity and broaden institutional participation in the largest spot bitcoin ETF by assets under management.