BlackRock files for ETF rule change to enable in-kind Bitcoin redemptions

Nasdaq has filed an amended rule proposal seeking to introduce in-kind redemptions for BlackRock’s iShares Bitcoin ETF (IBIT), according to a Jan. 24 regulatory filing. The adjustment would allow the exchange-traded fund to transfer Bitcoin (BTC) directly to investors during redemptions instead of converting holdings into cash. The filing outlines plans to expand the ETF’s […] The post... source: https://cryptoslate.com/blackrock-files-for-etf-rule-change-to-enable-in-kind-bitcoin-redemptions/