BlackRock and other Wall Street firms are making it easier for large Bitcoin holders to move crypto wealth into spot Bitcoin ETFs through in-kind transactions. Lower minimums, expanding market infrastructure and growing demand for simpler custody are accelerating the shift, further integrating Bitcoin holdings into mainstream financial markets.

Large crypto holders are increasingly exchanging bitcoin directly for ETF shares instead of selling into cash first.

BlackRock cuts IBIT’s in-kind conversion minimum to $1 million as Bitcoin ETF swaps expand and Morgan Stanley’s MSBT draws institutional demand.