BlackRock Lowers IBIT Minimum to $1M for In-Kind Transactions

The iShares Bitcoin Trust (IBIT), managed by BlackRock, has reduced its minimum threshold for in-kind creations and redemptions from $25M to $1M. This change is reflected in an updated SEC filing.

This move expands access to the process for mid-sized institutional participants, including registered investment advisers, family offices, and smaller trading firms operating through authorized participants.

According to FinanceFeeds, in-kind creation and redemption allow authorized participants to exchange Bitcoin and IBIT shares rather than settle those transactions in cash.

The current holdings of the fund show a basket amount of $1,788,793.04, based on 22.65 Bitcoins, with a net asset value per share of $44.7252.