SEC seeks comment on in-kind redemptions for Bitcoin, Ether ETFs
In-kind redemptions are more tax-efficient and stand to increase the appeal of spot crypto ETFs for institutional investors. Source link
Nasdaq seeks to allow ‘in-kind’ redemptions for BlackRock’s Bitcoin ETF
Nasdaq submits an SEC filing to allow in-kind transfers of BlackRock’s spot Bitcoin ETF, simplifying the process for authorized participants. In a filing submitted to the U.S. Securities and Exchange Commission, Nasdaq proposed on behalf of BlackRock to amend certain conditions made in the initial proposal for the iShares Bitcoin (BTC) Trust that would “allow […]
Nasdaq seeks amendment to BlackRock’s Bitcoin ETF for in-kind redemptions
The in-kind redemption model is seen as a more efficient option for the spot Bitcoin ETF and should have been allowed from “the get-go,” says an ETF analyst. Source link
