{
  "id": 6033738,
  "title": "How BlackRock (BLK) is Quietly Turning Bitcoin Whales Into Wall Street Clients",
  "url": "https://urgent.news/2026/09/06/how-blackrock-blk-is-quietly-turning-bitcoin-whales-into-wall-street",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-06T20:32:23.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/blackrock-blk-quietly-turning-bitcoin-203223849.html"
  },
  "original_language": "en",
  "account": "BlackRock, Inc. (NYSE:BLK) is expanding its reach into Bitcoin holdings as it lowers the minimum size for converting large Bitcoin holdings into shares of its iShares Bitcoin Trust ETF. The company reduced the minimum from $25 million to $1 million in July, down from $25 million when in-kind conversion first became available. This change allows family offices and wealthy individual holders to utilize the service, rather than limiting it to the largest Bitcoin holders. Since the trend began, more than $5 billion has been processed through the ETF, up from over $3 billion. Despite the lower minimum, the conversion process remains slow and manual, taking over a week. Rival Bitwise has also cut its minimum, further intensifying competition. While BlackRock's lower minimum widens the potential pool of converting Bitcoin wealth, the assets' value remains tied to Bitcoin's price, making the growth less predictable.",
  "summary": null,
  "key_points": [
    "BlackRock lowers Bitcoin ETF minimum from $25M to $1M",
    "$5 billion processed through ETF since trend began",
    "Conversion process remains slow and manual"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}