BlackRock cut the minimum Bitcoin for direct in-kind conversion into its spot Bitcoin ETF (IBIT) from $𝟮𝟱𝗠 to $𝟭𝗠 — a 25x reduction. In-kind BTC-to-IBIT conversions have already surpassed $5B. The threshold cut dramatically widens the universe of eligible participants. Funds and family offices that couldn't meet the $25M minimum can now convert BTC holdings directly into IBIT shares, bypassing cash settlement and its associated slippage and tax friction. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Lowering the entry floor 25x is a meaningful supply-side change — it opens IBIT's in-kind route to a much broader tier of institutional BTC holders. The $5B already converted proves the mechanism has real traction. This is a durable structural improvement to BTC's institutional access pipeline, not a one-off flow. For BTC traders, watch IBIT inflow data in coming weeks for whether the lower threshold accelerates conversion volume. BTC is tradeable on Hyperliquid and Aster. source: CoinDesk Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2206(Hupzy (Spot On Chain))