BitcoinNews on Nostr: If approved, Authorized participants (APs) will be able to redeem ETF shares for ...

If approved, Authorized participants (APs) will be able to redeem ETF shares for bitcoin itself instead of cash. Up until now, bitcoin must be sold to deliver cash to investors, a process that has been called out as complicated and costly.

https://bitcoinnews.com/markets/nasdaq-in-kind-redemption-ibit-bitcoin-etf/