BlackRock cuts bitcoin ETF swap minimum to $1 million: Report
etf
BlackRock has lowered the minimum notional for swap agreements tied to its spot bitcoin ETF to $1 million. The reduction should broaden the pool of counterparties and authorized participants able to engage in swaps, improving creation/redemption flexibility, liquidity and potentially reducing tracking error and transaction costs for the ETF. For Bitcoin, this change could increase institutional trading capacity and spot market liquidity, supporting price discovery and dampening premium/discount volatility around the ETF.
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