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BlackRock says about $3.6bn of Bitcoin converted into IBIT shares

NewsFeeds update

Robbie Mitchnick, head of BlackRock's digital assets business, said about $3.6bn of directly held Bitcoin has been converted into IBIT shares since regulators approved in-kind redemptions, and the true figure may be higher. The minimum in-kind conversion threshold has fallen from about $30m to $1m-$2m.

ETFsOdailyAIBullish

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.