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

BlackRock slashed the in-kind conversion minimum on its iShares Bitcoin Trust (IBIT) to $1 million, a 96% cut from the prior $25 million threshold. Robbie Mitchnick, BlackRock's head of digital assets, confirmed the change during a Bloomberg Television interview. The move opens the fund's redemption mechanism to a far wider pool of investors.