IBIT Opens In-Kind Bitcoin Process to More Institutions
In BlackRock Bitcoin news, the World’s largest asset manager has reduced the reported minimum for in-kind creations and redemptions involving its iShares Bitcoin Trust (IBIT) from $25M to $1M, reports suggest that the change was reflected in an updated SEC filing.This news comes as BTC USD is trading at $78,800, down -1.4% overnight but still up +22% over the past week following a huge rally that saw it climb from $64,400 to nearly $80,000, single-handedly reinvigorating the crypto market.
BlackRock has cut minimum for private in-kind creations on iShares Bitcoin ETF to $1mil…Has now facilitated *$5+bil* in transactions from private wallets.In other words, bitcoin holders moving from self-custody to IBIT.“People see things happen in the outside world -… pic.twitter.com/RuDRj6hEjR— Nate Geraci (@NateGeraci) August 26, 2026 BlackRock Bitcoin News: What the Reported Change MeansAccording to FinanceFeeds, in-kind creation and redemption allow authorized participants to exchange Bitcoin and IBIT shares rather than settle those transactions in cash.
The report said the lower minimum expands access to the process for mid-sized institutional participants, including registered investment advisers, family offices, and smaller trading firms operating through authorized participants.FinanceFeeds also reported that retail investors cannot redeem IBIT shares directly for Bitcoin and that the change concerns the fund’s creation and redemption process rather than open-market purchases of IBIT shares.IBIT’s Reported ScaleSource: TradingViewBlackRock’s IBIT product page...
This page shows the RSS-provided summary/preview. Full publisher content remains available at the original source.
Read Full Article at Source