BlackRock Bitcoin ETF | Proposal for In-Kind Redemption
Nasdaq is now looking to make it easier for Bitcoin exchange-traded funds (ETFs) to operate. The exchange has filed with the U.S. Securities and Exchange Commission (SEC) to allow “in-kind” bitcoin redemptions for BlackRock’s iShares Bitcoin Trust (IBIT). This will make the bitcoin ETF more institutional friendly and reduce redemption costs. Part of Nasdaq’s filing