Blackrock Cuts IBIT Bitcoin Conversion Minimum From $25M to $1M
Key Takeaways Blackrock’s Robbie Mitchnick confirmed the $1 million threshold on Bloomberg TV. IBIT drew $479 million in three days as bitcoin ETFs extended a weekly inflow streak past $750 million. The lower bar lets smaller institutions redeem IBIT shares for bitcoin, tightening the fund’s price tracking. Mitchnick Confirms the Change Robbie Mitchnick, Blackrock’s head…
