Blackrock Cuts IBIT Bitcoin Conversion Minimum From $25M to $1M

AI Summary 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 […] fulltext: 382 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/crypto-news/blackrock-ibit-bitcoin-conversion-minimum-1-million/ Source: Bitcoin.com News