FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
MCap $2.6T -0.9%24h Vol $54.4B +17%Fear & Greed 61/100Alts Index 24/100
BTC.D 58.9% +0.5%Stable.D 10.0% 0%ETH.D 11.6% 0%Others.D 19.5% -0.5%
FIL$0.9829+22.17%B$0.2207+16.64%BTW$0.6373+15.22%XTZ$0.2945+14.76%AR$2.894+11.95%ZCAT$0.0961+11.41%BAT$0.0804+11.02%龙虾$0.1492+10.06%BSV$17.609+7.38%THETA$0.2026+7.09%
UAI$0.5143-35.35%AI$0.2490-27.54%LAPTOP$0.2994-18.09%ETHFI$0.6423-13.63%MARSCOIN$0.1036-12.03%STONK$0.2623-11.11%CHIP$0.0438-10.46%MINA$0.0976-9.83%PUMP$0.00359035-7.55%牛来$0.1234-6.78%
Top movers 24h
    Filters
      Coins
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      BlackRock's In-Kind Bitcoin Conversion Program Surpasses $5 Billion

      BlackRock's in-kind conversion program for Bitcoin has processed over $5 billion in direct swaps for shares of the iShares Bitcoin Trust (IBIT) as of August 2026. This figure represents a significant increase from approximately $3 billion in October 2025, marking a growth of more than 60% within less than a year. The program allows Bitcoin holders to exchange their cryptocurrency directly for IBIT shares without triggering a sale or immediate capital gains tax event.

      A key factor in this surge is BlackRock's decision in July 2026 to lower the minimum transaction size for conversions from $25 million to $1 million. This change has opened the program to a wider range of high-net-worth individuals, family offices, and smaller funds, who previously found the threshold prohibitive. The mechanics involve authorized participants who facilitate the exchange of Bitcoin for IBIT shares, allowing holders to maintain their Bitcoin exposure while benefiting from the infrastructure of traditional finance.

      The in-kind conversion process alleviates the custodial challenges associated with holding large amounts of Bitcoin, as the custodial risk shifts to Coinbase, the custodian for IBIT. This arrangement allows Bitcoin holders to manage their assets within a standard brokerage account, making it easier to integrate into their overall wealth management strategies. Robbie Mitchnick, BlackRock’s head of digital assets, has highlighted the potential for growth in this market segment as accessibility continues to improve.

      IBIT remains the largest US spot Bitcoin ETF by assets under management, and the in-kind conversion program enhances its position in the market. Unlike cash creations, which can influence Bitcoin prices, in-kind conversions do not require cash purchases, thus maintaining price stability while expanding the fund's asset base. Additionally, the tax advantages of this structure allow holders to defer capital gains taxes, providing a strategic benefit for long-term wealth planning.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud