Bloomberg ETF analyst Eric Balchunas said in a post on X that Robbie Mitchnick stated on a program that Bitcoin holders can now convert BTC into IBIT through an in-kind process with a minimum amount of $1 million. Balchunas added that the previous minimum had been $25 million. The update points to a lower entry threshold for this type of IBIT conversion than before, based on the details shared in his post.
Bloomberg ETF analyst Eric Balchunas said in a post on X that Robbie Mitchnick had just said on a program that Bitcoin holders can now convert BTC into IBIT through an in-kind process with a minimum amount of $1 million.
According to Balchunas, the previous minimum amount was $25 million.
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