🚨 BLACKROCK SAYS THE “FLOOD GATES” HAVE OPENED FOR ITS #BITCOIN ETF 👀 Jay Jacobs, BlackRock's U.S. Head of Equity ETFs, says the firm is seeing a major new trend among wealth-management clients: Moving existing Bitcoin exposure into BlackRock's IBIT. “We've recently had the minimums come down for those types of in-kind transfers to about $2 million, and that has created a flood — it's opened the flood gates of investors who have reached out looking to move money into IBIT.” Why are investors interested? Jacobs says moving Bitcoin exposure into IBIT can allow investors to: ➡️ Outsource direct Bitcoin custody ➡️ Generate income with custom options strategies ➡️ Potentially hedge positions ➡️ Potentially borrow against their exposure BlackRock says the conversation is evolving beyond simply asking whether investors should own more or less Bitcoin. Now wealth-management clients are asking: What's the best way to own Bitcoin in a portfolio? In other words 👉 Bitcoin is increasin...