SEC Examines Blackrock’s Bitcoin ETF Proposal: In-Kind Redemption Potential

BlackRock has proposed a major shift in how Bitcoin ETFs operate in the U.S., requesting approval for an ‘in-kind’ model. This could streamline operations and improve efficiency, potentially revolutionizing crypto finance. The SEC is reviewing this proposal cautiously, seeking public feedback before making its decision. This move signals the growing interest of institutional investors in more efficient and tax-optimized crypto investment products.