BlackRock Cuts IBIT Conversion Minimum to $1 Million

BlackRock has made it easier for wealthy investors and institutions to convert their Bitcoin holdings into shares of its iShares Bitcoin Trust ETF (IBIT) by lowering the minimum threshold from $25 million to $1 million.

This change, which takes effect in July 2026, is part of BlackRock's efforts to expand access to its cryptocurrency products. The firm has already processed over $5 billion in Bitcoin swaps through IBIT.

IBIT allows eligible holders to exchange their Bitcoin exposure for ETF shares through approved intermediaries. Only authorized participants can create or redeem IBIT shares directly with the trust, so holders typically need an intermediary to complete conversions.