BlackRock Completes $5 Billion Bitcoin-to-ETF Tax-Deferred Swap, Lowers Minimum Threshold to $1 Million
On August 26, according to Cointelegraph citing Bloomberg, BlackRock has executed approximately $5 billion in tax-deferred swaps converting Bitcoin to ETFs, with the minimum size for a single…
On August 26, according to Cointelegraph citing Bloomberg, BlackRock has executed approximately $5 billion in tax-deferred swaps converting Bitcoin to ETFs, with the minimum size for a single transaction as low as $1 million. Robbie Mitchnick, BlackRock's head of digital assets, stated that this move aims to broaden investor coverage for the related products.
[TechFlow]
Original: https://www.techflowpost.com/newsletter/detail_133530.html
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