BlackRock’s Bold Move: Transforming Spot Bitcoin ETF With Cash Redemption Twist – Approval Looms?

BlackRock, a global leader in investment management, has revised its proposed spot Bitcoin exchange-traded fund (ETF) to allow cash redemptions. This update could be a strategic move in gaining approval from the US Securities and Exchange Commission (SEC). The updated filing for the iShares Bitcoin Trust ETF indicates that the Trust will issue and “redeem […] source: https://bitcoinist.com/blackrock-turn-spot-bitcoin-etf-cash-redemption/