BlackRock has reduced the minimum size for swaps involving its bitcoin exchange-traded fund to $1 million, CoinDesk reported on Aug. 26, 2026. The move is part of a broader shift among ETF issuers to reduce the barrier for large bitcoin holders seeking to exchange self-custodied holdings for ETF shares. Lower minimums could make the ETF structure more accessible to bitcoin “whales,” referring to holders with substantial positions, although the supplied report does not provide further details on the terms or effect of the change. The development concerns the market for bitcoin investment products and the way large holders can access exposure through ETF shares instead of holding the underlying asset directly. BlackRock is the issuer identified in the report, while CoinDesk is the source of the information.
