BlackRock has officially filed to implement in kind creation and redemption for its Bitcoin ETF, $IBIT.

This new development will allow investors to deposit and withdraw Bitcoin directly to and from the ETF, providing greater flexibility in managing their assets. By facilitating the transfer of Bitcoin in and out of the ETF without the need for cash transactions, BlackRock is positioning $IBIT as a more efficient and seamless option for institutional and retail investors alike. This move could significantly enhance liquidity and streamline ETF operations in the growing Bitcoin market.
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