LATEST: The SEC has acknowledged an amendment for Nasdaq’s 19b-4 filing to allow in-kind creations and redemptions on iShares Bitcoin ETF.

The SEC's acknowledgment of Nasdaq's amendment to allow in-kind creations and redemptions for the iShares Bitcoin ETF signifies a shift towards more direct interaction with Bitcoin, as investors could potentially exchange ETF shares for actual Bitcoin instead of cash. This change could significantly impact Bitcoin's adoption, as in-kind redemptions enable more efficient management by authorized participants, potentially increasing institutional interest and investment in Bitcoin ETFs. The move is part of a broader trend where financial institutions are increasingly exploring and integrating cryptocurrencies into traditional investment vehicles, following the initial approval of spot Bitcoin ETFs with cash redemptions in January 2025.

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