The Securities and Exchange Commission (SEC) has received a filing from BlackRock's iShares Bitcoin Trust, requesting to implement in-kind redemption. This comes after the success of BlackRock's ETF, which has generated around $40 billion in inflows since its launch in January, making it the most successful ETF launch ever. The industry is now advocating for in-kind mechanisms in crypto ETFs, indicating a shift in regulatory and operational approaches. If approved, this amendment could establish a new standard for crypto ETF operations, benefiting institutional investors by reducing transaction friction and increasing efficiency.



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