Nasdaq Proposes Game-Changing In-Kind Redemptions for BlackRock’s Bitcoin ETF
Nasdaq has submitted a groundbreaking proposal to the U.S. Securities and Exchange Commission (SEC) that could revolutionize the operational framework of Bitcoin exchange-traded funds (ETFs). The proposal, focused on BlackRock’s iShares Bitcoin Trust (IBIT), aims to introduce "in-kind" bitcoin redemptions, providing a streamlined and cost-effective alternative to the current cash redemption process. Transforming Operational Framework […]
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