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SEC weighs proposal to change BlackRock’s spot Bitcoin ETF to allow in-kind redemptions The Block 06 Feb 2025

SEC weighs proposal to change BlackRock’s spot Bitcoin ETF to allow in-kind redemptions ⚖️

The U.S. Securities and Exchange Commission (SEC) is currently evaluating a proposal aimed at amending BlackRock's spot Bitcoin exchange-traded fund (ETF). The proposed change would allow for in-kind redemptions, which could provide greater flexibility for investors and influence the overall attractiveness of the ETF.

This consideration comes as the crypto industry closely watches regulators' stance on Bitcoin ETFs, which have significant implications for mainstream adoption of cryptocurrencies.

Source: www.theblockcrypto.com ↗