Bitcoin Whales Have Moved $5B into BlackRock ETFs in Tax-Deferred Swaps

BlackRock hits $5 billion in tax-deferred Bitcoin-to-ETF swaps, indicating whales have moved significant BTC holdings to IBIT over the past few months. The Wall Street giant recently lowered the minimum limit for in-kind conversions to $1 million. Ad Ad BlackRock Hits $5 Billion in Bitcoin-to-ETF swaps BlackRock’s spot Bitcoin ETF (IBIT) has processed more than