
“Unlocking the Potential: Nasdaq’s Proposal for In-Kind Creation and Redemption in BlackRock’s Spot Bitcoin ETF”
Nasdaq Seeks In-Kind Creation and Redemption for BlackRock Spot Bitcoin ETF The Proposal Nasdaq has submitted a proposal to enable in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT). This move would allow authorized participants to exchange baskets of Bitcoin for shares of the ETF and vice versa, rather than using cash. This…