No Bullshit Bitcoin on Nostr: Nasdaq files for in-kind redemptions for BlackRock's iShares spot bitcoin ETF Nasdaq ...
Nasdaq files for in-kind redemptions for BlackRock's iShares spot bitcoin ETF
Nasdaq has submitted a proposal for a rule change to the Securities and Exchange Commission (SEC), seeking permission for the in-kind creation and redemption of shares for the BlackRock iShares Bitcoin Trust (IBIT). Initially, when the SEC approved spot Bitcoin ETFs, including IBIT, last January, it allowed these funds to be launched with cash redemption rather than with bitcoin.
Source: https://www.coindesk.com/markets/2025/01/24/nasdaq-files-for-in-kind-redemptions-for-blackrock-spot-bitcoin-etf
Nasdaq has submitted a proposal for a rule change to the Securities and Exchange Commission (SEC), seeking permission for the in-kind creation and redemption of shares for the BlackRock iShares Bitcoin Trust (IBIT). Initially, when the SEC approved spot Bitcoin ETFs, including IBIT, last January, it allowed these funds to be launched with cash redemption rather than with bitcoin.
Source: https://www.coindesk.com/markets/2025/01/24/nasdaq-files-for-in-kind-redemptions-for-blackrock-spot-bitcoin-etf