Will SEC Approve BlackRock’s In-Kind Bitcoin ETF Proposal?

The U.S. Securities and Exchange Commission (SEC) is reviewing Nasdaq’s proposal to allow in-kind creation and redemption for the BlackRock Bitcoin ETF, a move that could significantly alter how spot crypto ETFs operate. The proposal, filed by Nasdaq on behalf of BlackRock’s iShares Bitcoin Trust, seeks permission to use actual Bitcoin for both share creations and redemptions instead of relying on cash. .