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On August 11, Bloomberg ETF analyst Eric Balchunas tweeted that investors can now convert BTC into IBIT on an in-kind basis, with the minimum size having been significantly reduced from $25 million to $1 million. BlackRock's head of digital assets, Robbie Mitchnick, stated that the firm hopes to further lower the threshold in the future, ultimately making the mechanism available to investors of any size.

On July 16, the spokesperson for the Central Command of the Iranian Armed Forces, Zolfaqari, stated today (July 16) that if Iranian infrastructure continues to be attacked by U.S. forces, Iran will strike all infrastructure in the region. He also mentioned that the issue of the Strait of Hormuz is Iran's 'red line' and that the U.S. will not be allowed to interfere.

On April 6, U.S. President Trump threatened to 'destroy the entire country' if the Iranian regime did not open the Strait of Hormuz by Tuesday evening. The Iranian government responded to this threat. Iranian Foreign Ministry spokesman Baghaei stated, 'Iran's response will be a reciprocal retaliation. Our armed forces have made it clear that if Iran's infrastructure is attacked, we will respond in kind.' Baghaei added that if the U.S. carries out Trump's threat, the Iranian military will consider 'similar infrastructure owned by the U.S. or related to the U.S. in any way, or infrastructure that aids the U.S. in its aggressive actions against Iran' as targets.