#BlackRock is pushing for a new way to handle its #Bitcoin #ETF, the #iShares Bitcoin Trust #IBIT. Instead of just dealing in cash, they want to allow big investors to trade directly in Bitcoin #BTC. #Nasdaq has already filed a proposal with the #SEC to make this happen.

Here’s how it works: approved participants, not regular folks, just institutions could redeem shares of the fund in actual Bitcoin instead of cash. This model helps the ETF run more smoothly and efficiently. It’s a move that could shake things up a bit in the Bitcoin ETF space, though it won’t directly affect retail traders much, according to Bloomberg's James Seyffart.
#Cryptonews
#BlackRock #Bitcoin #ETF #iShares #IBIT #BTC #Nasdaq #SEC