BlackRock Bitcoin ETF Hits $5 Billion in Tax-Deferred Swaps

TLDR BlackRock’s Bitcoin ETF has processed more than $5 billion in tax-deferred swaps from direct Bitcoin holdings. The total jumped sharply from $3 billion recorded last October. BlackRock lowered its minimum for private in-kind conversions from $25 million to $1 million in July. Bitcoin traded near $79,000, down over 2% in 24 hours ahead of [...]

The post BlackRock Bitcoin ETF Hits $5 Billion in Tax-Deferred Swaps appeared first on Blockonomi.