Nasdaq has proposed a rule change with the U.S. Securities and Exchange Commission (SEC) to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT).
This move could significantly enhance the operating efficiency of the largest spot Bitcoin exchange-traded fund currently available.
The in-kind model is expected to bring substantial benefits to the market, paving the way for a more streamlined and effective ETF process.
Source: thenewscrypto.com ↗