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BlackRock's Bitcoin ETF hits $5B in tax-deferred swaps, boosting Bitcoin's institutional appeal and price.

Market News
26 Aug 2026, 14:00 WIB
Finbold
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Bullish
BlackRock's Bitcoin ETF hits $5B in tax-deferred swaps, boosting Bitcoin's institutional appeal and price.

BlackRock's iShares Bitcoin Trust (IBIT), the largest Bitcoin spot ETF, has facilitated $5 billion in tax-deferred Bitcoin-to-ETF swaps since its SEC approval in July 2025. The ETF lowered its minimum in-kind transaction size from $25 million to $1 million, attracting more investors concerned about security risks like custody failures. This growth in in-kind conversions is helping Bitcoin gain traction as an institutional asset, alongside similar moves by Bitwise Bitcoin ETF. Bitcoin's price has surged 22% in the past week and over 19% in six months, reflecting bullish sentiment as U.S. spot Bitcoin ETFs improve accessibility.

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