BREAKING: BlackRock cuts Bitcoin ETF in-kind threshold to $1 million. MEANING: Bitcoin holders (with at least $1M) can now convert $Bitcoin (BTC.CC)$ to $iShares Bitcoin Trust (IBIT.US)$ incurring no capital gains tax starting today.
BlackRock has reportedly lowered the in-kind conversion threshold for its Bitcoin ETF to $1 million. Per the announcement, Bitcoin holders with at least $1 million in BTC can convert their holdings into shares of the iShares Bitcoin Trust (IBIT) without incurring capital gains tax, effective starting today.
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