🔥 BlackRock lowered the minimum threshold from $BTC for direct in-kind conversion into its spot Bitcoin ETF (IBIT) from $25 million to $1 million. A 25x reduction! BTC conversion into IBIT has already exceeded $5 billion.
💪 A 25x decrease in the threshold is a significant change from the supply side. It paves the way for in-kind conversion into IBIT for a much wider range of institutional BTC holders.
👍 The already converted $5 billion proves the mechanism’s real effectiveness. This is a durable structural improvement to institutional investors’ access mechanism to BTC, not a one-time inflow.
#BTC_Sniper100
💪 A 25x decrease in the threshold is a significant change from the supply side. It paves the way for in-kind conversion into IBIT for a much wider range of institutional BTC holders.
👍 The already converted $5 billion proves the mechanism’s real effectiveness. This is a durable structural improvement to institutional investors’ access mechanism to BTC, not a one-time inflow.
#BTC_Sniper100
