“Revolutionizing Bitcoin Investments: BlackRock’s ETF Rule Change Allows for In-Kind Redemptions”
Nasdaq’s Amended Rule Proposal for iShares Bitcoin ETF Introduction In a recent regulatory filing on Jan. 24, Nasdaq has submitted an amended rule proposal to introduce in-kind redemptions for BlackRock’s iShares Bitcoin ETF (IBIT). This adjustment would allow the ETF to directly transfer Bitcoin (BTC) to investors during redemptions, avoiding the need to convert holdings…