BlackRock 🚨blackrock🚨 Seeks to Adopt a New Bitcoin Redemption Model

BlackRock today filed an application with the US Securities and Exchange Commission (SEC) to adopt an “in-kind” redemption model for its iShares Bitcoin Trust. This model will allow authorized participants to redeem their proceeds in Bitcoin instead of cash, subject to regulatory approval.

The move is a significant development in the world of Bitcoin-linked investment funds, as it aims to enhance efficiency and reduce reliance on cash, reflecting the interest of major companies in integrating digital currencies into their traditional financial strategies.

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