Lide IBIT threshold drops by 96%! 25 million → 1 million, sweeping BTC at $854 million per week

On August 12, 2026, BlackRock, the world's largest asset management company, announced that it would drop the physical conversion threshold for IBIT Bitcoin ETFs from $25 million to $1 million, a decrease of up to 96% - the largest retail friendly transformation in the history of Bitcoin ETF products. This means that any institution and qualified investor holding IBIT shares exceeding $1 million can directly convert them into underlying BTC physical, rather than cash redemption. This action occurred after the ETF net inflow of $854 million hit its best level since April last week; After the Coldcard hardware wallet crashed by $130 million, the five major Bitcoin ETFs accumulated a net inflow of $620 million - the tearing of "self custody panic+ETF violent cash flow" reached its peak in 2026 within a single week. During the same period, BlackRock IBIT increased its holdings by over $478 million and 9269 BTC this week, with a net inflow for four consecutive days. BTC fell below the 64000 mark, hitting a low of $63238; But off exchange funds flooded in frantically - an anonymous whale increased its holdings by 121000 ETH (approximately $227 million) in just one month and pledged them, creating a "dual line fundraising" pattern for ETH ETFs. There are only 2 days left until the SEC Regulation Crypto vote (8.14) - if the threshold is lowered and regulation is implemented simultaneously, BTC will face a historic support test at the 63000 level. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.